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Read through the most famous quotes by topic #fault
Our goal should be to make decision makers internalize the full consequences of their decisions, rather than prevent them from making decisions altogether [...] But we tend to reform under the delusion that the regulated institutions and the markets they operate in are static and passive, and that the regulatory environment will not vary with the cycle. Ironically, faith in draconian regulation is strongest at the bottom of the cycle, when there is little need for participants to be regulated. By contrast, the misconception that markets will govern themselves is most widespread at the top of the cycle, at the point of maximum danger to the system. We need to acknowledge these differences and enact cycle-proof regulation, for a regulation set against the cycle will not stand. To have a better chance of creating stability throughout the cycle--of being cycle-proof--new regulations should be comprehensive, nondiscretionary, contingent, and cost-effective. ↗
Sure, we thought the acres That we tilled were sacred, But how could we have known That wheat can haunt like ghosts ↗
Sometimes, you read a book and it fills you with this weird evangelical zeal, and you become convinced that the shattered world will never be put back together unless and until all living humans read the book. And then there are books like An Imperial Affliction, which you can't tell people about, books so special and rare and yours that advertising your affection feels like betrayal ↗
And then the line was quite but not dead. I almost felt like he was there in my room with me, but in a way it was better, like I was not in my room and he was not in his, but instead we were together in some invisible and tenuous third space that could only be visited on the phone. ↗
It's a metaphor, see: You put the killing thing right between your teeth, but you don't give it the power to do its killing. ↗
