Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.
Once in a while there are things the brain simply refuses to accept as being true because they appear too improbable, too unlikely, too preposterous.
Washington was taken by surprise by the Egyptian revolution because policy experts focused too much on Mubarak and his government, and too little on the 'voice of the people.'
There is a long history of monetary experience. It tells us that government is at heart a counterfeiter and therefore cannot be trusted to control money, and that this is true of both autocratic and popular government.
Among the handful of British diplomats and military men aware of their government's secret policy in the Middle East-that the Arabs were being encouraged to fight and die on the strength of promises that had already been traded away-were many who regarded that policy as utterly shameful, an affront to British dignity.
Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.
When I've gotten criticism, it's that it's too long, too soft, didn't hit the government hard enough. Then when I do hit the government, they go, What's he doing hitting the government?
Once I started getting mainstream people to my shows, I realized we were taking too many solos, and they were too long. I started gauging when people were going on their iPhones.
By the beginning of the 20th century, the debate about monetary policy and the nation's financial system had been going on for over a century. Increasingly, the shortcomings of the existing system were causing too much harm to ignore.
Some politicians were probably too lax about the rise of an extremist, fundamentalist, radical ideology.
We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.
I've put up with too much, too long, and now I'm just too intelligent, too powerful, too beautiful, too sure of who I am finally to deserve anything less.
Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy.
There are rights that Hillary Clinton doesn't like. American people have too many rights. There's too much freedom. Government doesn't have enough rights, in her mind. Government's too limited. The Constitution limits the government way, way, way too much. "And I feel strongly that" - fake smile - "the Supreme Court needs to stand on the side of the American people." Not on the side of the powerful corporations and the wealthy.
The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.
Governments take too long to get things done and there are far too many varied interests at stake. If you were starting a business today and needed a partner, you would never choose a large bureaucratic institution like the government.