A Quote by George Akerlof

The failure of credit markets is one of the major reasons for underdevelopment.

George Akerlof

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Credit Failure Major Markets Reasons Underdevelopment

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George Akerlof
American - Economist
Born: June 17, 1940

Conservatism is the perfect antidote to underdevelopment. Its commitment to individual responsibility, education, hard work, personal initiative, traditional family values and free markets is a universal formula for success in a free society.

Shelby Steele

Consumer spending is now plunging at serious-recession rate ... even if the rescue now in train succeeds in unfreezing credit markets, the real economy has immense downward momentum. In addition to financial rescues, we need major stimulus programs.

Paul Krugman

The very reasons sometimes that you make a film are the reasons for its failure.

Sydney Pollack

One of the reasons why we can make a lot of money in equity markets is because they're auction-driven, and auction-driven markets are very different from almost any other kind of market.

Mohnish Pabrai

The new 'Joy' was needed for a number of reasons. Recent developments in nutrition and new ingredients were two of the major reasons for the revision. One of the other big reasons was America's new love for big flavors. Yay!

Irma S. Rombauer

Many politicians and pundits claim that the credit crunch and high mortgage foreclosure rate is an example of market failure and want government to step in to bail out creditors and borrowers at the expense of taxpayers who prudently managed their affairs. These financial problems are not market failures but government failure. ... The credit crunch and foreclosure problems are failures of government policy.

Walter E. Williams

But I definitely see us playing a major role in St. Louis in the years to come. We already provide service to 95 percent of the markets St. Louis travelers visit the most. And we're adding capacity in some of the most important markets.

Gerard Arpey

I mean the whole economy just comes to a grinding halt. Competence in markets and in institutions, it's a lot like oxygen. When you have it, you don't even think about it. Indispensable. You can go years without thinking about it. When it's gone for five minutes, it's the only thing you think about. And the oxygen has been sucked out of the credit markets.

Howard Warren Buffett

Markets are unforgiving, and sometimes they move for reasons we can't possibly foresee.

Rick Santelli

Major markets are a key factor in advertise and budgeting decisions.

Alfred Amoroso

If a division becomes insolvent, the credit markets' reaction to that is immediate - regardless of what period of time you think you have to remedy.

Walker Stapleton

Underdevelopment is a lack of maintenance.

Lucero Isaac

Secured cards can be helpful credit rebuilding tools for two reasons. First, because of the collateral, you can get them at a time when you're not likely to be approved for nonsecured cards. And as long as you maintain an on-time payment history, they can help you start to build a recent credit history that's fairly pristine.

Jean Chatzky

If you bound the arms and legs of gold-medal swimmer Michael Phelps, weighed him down with chains, threw him in a pool and he sank, you wouldn't call it a 'failure of swimming.' So, when markets have been weighted down by inept and excessive regulation, why call this a 'failure of capitalism'?

Peter Boettke

Markets always change, and as soon as there's downturn, cleanliness becomes a major value.

Donald Trump

Markets are a social construction, they're made from institutions. We in a democratic society create markets, we constitute markets, we bring them into existence, and we shouldn't turn markets over to a narrow group of people who regulate them and run them in their interests, rather they should be run democratically for the common good.

Douglas Massey

A Quote by George Akerlof

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