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banking

Quote of the Week: John Maynard Keynes

Sina Odugbemi's picture

“A sound banker is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.”

- John Maynard Keynes, a British economist whose ideas have fundamentally affected the theory and practice of modern macroeconomics, and informed the economic policies of governments. He built on and greatly refined earlier work on the causes of business cycles, and is widely considered to be one of the founders of modern macroeconomics and the most influential economist of the 20th century. His ideas are the basis for the school of thought known as Keynesian economics, and its various offshoots.

Quote of the Week: Philip Stephens

Sina Odugbemi's picture

 "It is time to admit defeat. The bankers have got away with it. They have seen off politicians, regulators and angry citizens alike to stroll triumphant from the ruins of the great crash.”

- Philip Stephens, associate editor and chief political commentator of  the Financial Times.