Aguero Man Quotes & Sayings

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. — Raghuram G. Rajan

I can't claim to know the words of all the national anthems in the world, but I don't know of any other that ends with a question and a challenge as ours does: Does that flag still wave o'er the land of the free and the home of the brave? That is what we must all ask. — Ronald Reagan

You do what you need to do. — Marie Lu

When Knowledge Went North (excerpt)
As for us,
We came nowhere near being right,
Since we have the answers.
"For he who knows does not speak
He who speaks does not know"
And "The Wise Man gives instruction
Without the use of speech. — Thomas Merton

For Europe to play a part in the world on the scale of its wealth and its population and its capacities, Europe has to be united in some way, and Europe is not united. — Tony Judt