Michael Gove Quotes

As discomfiting as it is to both market optimists and policy activists, a certain amount of instability is inherent to the economy.

Whether we vote to leave or remain, there are risks to our future; there are challenges in the global economy.

Worrying about inflation now is like worrying about the measles when you might get the plague.

The global economic outlook remains fragile and uncertain. Global economic imbalances persist and we must address them or risk future instability.

No one can forecast the economy with certainty.

The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.

Economic freedom is a highly desirable state -- but in bust and boom we must be prepared to face the its consequences.

The truth is that you can't really tell how anybody's doing in the tech business for at least five or 10 years.

People think rationally that the world really is more risky. Imagine in 2008 that investors thought there was a 10% chance we'd have a depression. That would partly justify the drop in prices.

The future path of the federal funds rate is necessarily uncertain because economic activity and inflation will likely evolve in unexpected ways. For example, no one can be certain about the pace at which economic headwinds will fade. More generally, the economy will inevitably be buffeted by shocks that cannot be foreseen.

If we leave the European Union it's a risk to our economy - it's a risk to pensioners, it's a risk to homeowners, it's a risk to people in work.

There is no risk-free path for monetary policy.

The consumer is going through a period around the world of uncertainty - whether geopolitical uncertainty, economic uncertainty - and that makes them a little nervous as well.

I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk.

Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.

Choices are easy when you have nothing to lose.

The world changes! So we're in a situation today where the only policymakers that have flexibility are central banks. But they don't have the instruments! So they've had to experiment, and the more you experiment, the more uncertainty and the higher the risk of collateral damage.

The rich man's sons inherits cares; The bank may break, the factory burn, A breath may burst his bubble shares, And soft, white hands could hardly earn A living that would serve his turn.

Stop trying to predict the direction of the stock market, the economy or elections.

What's both fascinating and challenging about investing is that the changing nature of business and finance means you can never have it all figured out.

Nobody believes a weather prediction twelve hours ahead. Now we're being asked to believe a prediction that goes out 100 years into the future? And make financial investments based on that prediction? Has everybody lost their minds?

It would be wonderful if we could avoid the setbacks with timely exits, but nobody has figured out how to predict them.

We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now.

One of the evils of paper money is that it turns the whole country into stock jobbers. The precariousness of its value and the uncertainty of its fate continually operate, night and day, to produce this destructive effect. Having no real value in itself it depends for support upon accident, caprice, and party; and as it is the interest of some to depreciate and of others to raise its value, there is a continual invention going on that destroys the morals of the country.

If we define risk as 'the likelihood of an irreversible negative outcome,' inaction is the greatest risk of all.