Quotes & Sayings About Financial Incentives

Our present tax system ... exerts too heavy a drag on growth ... It reduces the financial incentives for personal effort, investment, and risk-taking ... The present tax load ... distorts economic judgments and channels an undue amount of energy into efforts to avoidtaxliabilities. — John F. Kennedy

We need to find a way to safeguard humanity whilst still offering short-term financial incentives. For sure, we need innovators in finance more than we need innovation in technology. — David W. Wood

I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system. — Nouriel Roubini

It is human nature to be shortsighted and to lose momentum to make changes once the story is out of the headlines and there aren't financial incentives or political rewards. We owe to ourselves to learn from the past so we can try to do better. — Sheri Fink

Not that incentives are always so easy to figure out. Different types of incentives - financial, social, moral, legal, and others - push people's buttons in different directions, in different magnitudes. An incentive that works beautifully in one setting may backfire in another. — Anonymous

[High income tax rates] not only check consumption but discourage investment and encourage ... the avoidance of taxes [rather] than the production of goods.[ ... ]Our present tax system ... reduces the financial incentives for personal effort, investment, and risk-taking. — John F. Kennedy

A central notion in the Affordable Care Act was we had an inefficient system with a lot of waste that didn't also deliver the kind of quality that was needed that often put health care providers in a box where they wanted to do better for their patients, but financial incentives were skewed the other way, we don't need to reinvent the wheel
you're already figuring out what works to reduce infections in hospitals or help patients with complicated needs. — Barack Obama

In India, advisors may receive incentives as referral fees, commission, brokerage, etc. from various financial services organizations including banks. In — Jigar Patel

Cause of the financial crisis was "simple. Greed on both sides - greed of investors and the greed of the bankers." I thought it was more complicated. Greed on Wall Street was a given - almost an obligation. The problem was the system of incentives that channeled the greed. The line between gambling and investing is artificial and thin. — Michael Lewis

One overly simplistic idea is that we can improve student performance by just by giving financial incentives to parents, teachers, or kids. Unfortunately, there is little evidence that such incentives are effective, but nuances matter. — Richard H. Thaler

Police and prosecutors did not declare the War on Drugs - and some initially opposed it - but once the financial incentives for waging the war became too attractive to ignore, law enforcement agencies had to ask themselves, if we're going to wage this war, where should it be fought and who should be taken prisoner? — Michelle Alexander

The educational process should not be one of homogenizing. It should be one of encouraging excellence ... when we fail to make financial aid depend upon performance, we eliminate the incentive to excellence. — John H. Sununu

If you want better behavior from bankers, then make their financial incentives more like those in the hedge-fund world - where managers have 'skin in the game,' and their net worth is tied to their long-term performance. — David Ignatius

With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly. — Ben Bernanke

Wars have economies. And I don't mean financial economies, although that's often part of it. Why do people continue fighting these wars? There are financial incentives. — Elliot Ackerman