QUOTES OF THE DAY

“Banks mismanaged risk on a colossal scale while those running these institutions have walked away with billions of dollars in compensation. Today, there is a mismatch between social and private returns. Unless they are closely aligned, the market system cannot work well. Neo-liberal market fundamentalism was always a political doctrine serving certain interests. It was never supported by economic theory. Nor, it should now be clear, is it supported by historical experience.”

Joseph Stiglitz

“The false man is more false to himself than to any one else.  He may despoil others, but himself is the chief loser. The world’s scorn he might sometimes forget, but the knowledge of his own perfidy is undying.”

Horace Mann

 

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