#ore

We need to think more about the nature of rhetoric in anthropology. There isn't a body of knowledge and thought to fall back on in this regard. ↗

— Clifford Geertz

#anthropology #back #body #fall #knowledge

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. ↗

— Timothy Geithner

#basic #causing #crises #damage #economy

Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system. ↗

— Timothy Geithner

#both #built #crisis #designed #financial

Although this crisis in some ways started in the United States, it is a global crisis. We bear a substantial share of the responsibility for what has happened, but factors that made the crisis so acute and so difficult to contain lie in a broader set of global forces that built up in the years before the start of our current troubles. ↗

— Timothy Geithner

#although #bear #before #broader #built

As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past. ↗

— Timothy Geithner

#behavior #broaden #continue #deepen #financial

But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose of taking the savings of Americans and from investors around the world and allocating those to people with an idea, not just the largest companies in the country, but to small businesses with an idea and a plan for growing. ↗

— Timothy Geithner

#around #back #businesses #companies #core

The plausible outcomes range from the gradual and benign to the more precipitous and damaging. ↗

— Timothy Geithner

#damaging #gradual #more #outcomes #plausible

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through. ↗

— Timothy Geithner

#before #confluence #economic #financial #hit

Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, it's better to prepare for war or instability. ↗

— Timothy Geithner

#better #contrary #crises #deal #i

Gradually I came to realize that people will more readily swallow lies than truth, as if the taste of lies was homey, appetizing: a habit. ↗

— Martha Gellhorn

#gradually #habit #homey #i #i came