A Quote by Timothy Geithner
There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.
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The simple truth is that America is locking up too many people, for too long, and spending too much money on them.
The Fed contributed to the financial crisis, keeping interest rates too low for too long. I give them credit for responding and stabilizing the economy and the financial sector during the crisis. But then they tried to do too much with quantitative easing that went on forever, just dramatically exploding their balance sheets.
When we look at economic crises, it is more often policy makers do too little than too much.
Aside from the equivalent of blowing up the lab or letting a pathogen escape, the only failure is spending too long or too much money to learn.
According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary threat. In lay terms, I interpret this to mean that people are working much harder, causing economic growth, and they're in danger of spending their money, which is what the recession-hit shops want them to do. But the Bank and the City seem to think this is wrong, and that if people work harder they should be punished by having their mortgages increased.
We drink too much, smoke too much, spend too recklessly, laugh too little, drive too fast, get too angry, stay up too late, get up too tired, read too little, watch tv too much. We have multiplied our possessions but reduced our values. We talk too much, love too seldom, and hate too often. We've learned how to make a living but not a life. We've added years to life, not life to years.
The heart of the 2008 financial crisis was a coterie of reckless financial executives, working for too-big-to-fail financial companies, who were handsomely compensated for taking risks that almost ruined the economy when they failed.
I want to avoid becoming too styled, too 'done' and too generic. You see people as they go through their career, and they just become more and more like everyone else. They start out with something individual about them, but it gets lost.
I want to avoid becoming too styled, too ‘done’ and too generic. You see people as they go through their career, and they just become more and more like everyone else. They start out with something individual about them, but it gets lost.
Sometimes you can press a little bit and you're trying to do too much and you're trying too hard. You want to win so bad and you want to help the team so badly that you end up trying too much instead of letting the play come to you.
The U.S. has been living in a situation of excesses for too long. Consumers were out spending more than their income and the country was spending more than its income, running up large current-account deficits. Now we have to tighten our belts and save more.
For too long now, cricket has got all the attention and money. Look at how much financial help cricket gets from the sports federations.
On the foreign policy side, there's the risk of being too spontaneous and too disruptive where you end up doing more harm than damage. And figuring out that balance is where having strong people around you matters.
When money gets too far away from actual, physical, real equity and property it gets too abstract and too distantly derived and then suddenly it's not worth anything anymore. And the same is true of language.
I don't want anyone writing in to point out that I spend too much money on books, many of which I will never read. I know that already. I certainly intend to read all of them, more or less. My intentions are good. Anyway, it's my money. And I'll bet you do it too.
I thought at times that I was too aggressive in the first fight and I was able to let Mayweather move around a little bit too much. I will be much more careful in the ring for the rematch. I won't load up so much, but instead fight fresher and with more distance.
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