Carmen M. Reinhart
Born
in Havana, Cuba
October 07, 1955
More books by Carmen M. Reinhart…
“More money has been lost because of four words than at the point of a gun. Those words are ‘This time is different.”
― This Time Is Different: Eight Centuries of Financial Folly
― This Time Is Different: Eight Centuries of Financial Folly
“What is certainly clear is that again and again, countries, banks, individuals, and firms take on excessive debt in good times without enough awareness of the risks that will follow when the inevitable recession hits.”
― This Time Is Different: Eight Centuries of Financial Folly
― This Time Is Different: Eight Centuries of Financial Folly
“The lesson of history, then, is that even as institutions and policy makers improve, there will always be a temptation to stretch the limits. Just as an individual can go bankrupt no matter how rich she starts out, a financial system can collapse under the pressure of greed, politics, and profits no matter how well regulated it seems to be.”
― This Time Is Different: Eight Centuries of Financial Folly
― This Time Is Different: Eight Centuries of Financial Folly
Topics Mentioning This Author
topics | posts | views | last activity | |
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The History Book ...: THE DISCUSSION IS OPEN - WEEK FOUR - PRESIDENTIAL SERIES: UNREASONABLE MEN - May 2nd - May 8th - Chapter Four- The Panic - (pages 79 - 106) - No Spoilers, please | 173 | 185 | May 25, 2016 03:33PM | |
The History Book ...: FINANCIAL CRISES | 11 | 88 | May 07, 2020 11:26AM |
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