A Quote by Robert J. Shiller
As I write in 2012 we certainly do not believe that it is over yet, and the worst may be yet to come. Efforts by governments to solve the underlying problems responsible for the crisis have still not gotten very far, and the 'stress tests' that governments have used to encourage optimism about our financial institutions were of questionable thoroughness.
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The financial crisis in our country is not a passing storm. Given the size of the problems, our national effort will not be completed in 2012. It will take many years and will require the efforts and insistence of several governments.
Never ever depend on governments or institutions to solve any major problems. All social change comes from the passion of individuals.
You can't look back at the worst financial crisis of our lifetimes that started in 2008 and not have some important lessons about the critical nature of oversights in financial markets and institutions.
The world economy today is recovering slowly, and there are still some destabilising factors and uncertainties. The underlying impact of the international financial crisis is far from over.
I don't hold America responsible for the largely oppressive governments in the 22 Arab countries. There are repressive Arab governments that are our allies and there are those that are our nominal enemies. It doesn't make a whole lot of difference to what extent we're involved in propping up those governments.
I think that in the West, many citizens, especially younger citizens, take their freedoms and institutions for granted and focus on their frustrations with their governments' inability to solve pressing problems.
The authoritarian one believed that an individual's rights were basically provided by governments and were determined by states. The other society - ours - tended to believe that a large portion of our rights were inherent and couldn't be abrogated by governments, even if this seemed necessary.
The financial crisis and the Great Recession demonstrated, in a dramatic and unmistakable manner, how extraordinarily vulnerable are the large share of American families with very few assets to fall back on. We have come far from the worst moments of the crisis, and the economy continues to improve.
Saying that government is not the way to solve problems is not saying that humanity cannot solve its problems. What I've finally learned is this: Despite the obstacles created by governments, voluntary networks of private individuals - through voluntary exchange - solve all sorts of challenges.
I was like so many others passion-ately involved in trying to bring those truths to the world's attention. We did our very best to peacefully do that. The city, state, and federal governments did their very best to quell our efforts. They were used to using heavy-handed tactics to silence us.
The climate crisis is the greatest challenge humanity has ever faced. From not only the warming of the earth with higher global temperatures, but also from strengthening storms and expanding droughts to melting ice and rising seas, the costs of carbon pollution are already being felt by governments, corporations, taxpayers and families around the world. The climate crisis will affect everything that we love and alter the course of our future. Now, more than ever, we must come together to solve this global crisis. We must act decisively, rise to the occasion and solve this monumental challenge.
Monsanto will not come empty-handed. Monsanto will come with a big bag of money. And because these governments are poor, when they are shown money for their research institutions, for their universities, for their professors, they are very quick to say yes, and I can tell you that when Monsanto came to Kenya, they were able to be given permission to do research in one of our research institutions, and yet there was not a single law to control such research.
International institutions are composed of governments. Governments control their own military forces and police.
To restore confidence in our markets and our financial institutions so they can fuel continued growth and prosperity, we must address the underlying problem. The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy.
Democratic governments are not delivering on their promises, which is partly due to the fact that governments are less powerful than they were after the Second World War. There were fewer governments then, but they actually had more political power.
And I've come to the place where I believe that there's no way to solve these problems, these issues - there's nothing that we can do that will solve the problems that we have and keep the peace, unless we solve it through God, unless we solve it in being our highest self. And that's a pretty tall order.
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