Peter Turchin Quotes

What I object to the current government intervention in so-called 'solving the crisis', they haven't solved anything. They've just postponed it.

As you see the political problems are closely connected with the economical problems. With the help of politics, we will open the way for the economy and this is why all these problems are included in the program of the newly elected government.

The financial crisis in our country is not a passing storm. Given the size of the problems, our national effort will not be completed in 2012. It will take many years and will require the efforts and insistence of several governments.

This is not the time for knee jerk populist reactions to problems. These will only discourage foreign investment and make matters worse.

Britain can choose, as others are, short term fixes and more stimulus. Or we can lead the world with long-term solutions to long-term problems.

The Keynesian idea is once again accepted that fiscal policy and deficit spending has a major role to play in guiding a market economy. I wish Friedman were still alive so he could witness how his extremism led to the defeat of his own ideas.

I think we're going to have some difficulty in front of us. I have absolutely no doubt the next three, four years Europe are going to be at best stagnation. We are preparing for tough times.

The degree of leverage now being reversed is staggering, and the underlying global imbalances - notably between the savers and the spenders - will require long and painful adjustment.

The caricature of what George Osborne is doing on the fiscal side is absurd. If you read some of the commentary, particularly from the left, you would think he was turning the clock back to the 1930s.

Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe's economy remains unable to grow.

In a normal time, I don't think economic policy makes a large difference one way or another. But in times of crisis it makes all the difference in the world.

In 2008, when Lehman Brothers collapsed, we anticipated that Europe was going to have a very different bailout scheme than the U.S. because of their different political systems and different relationships between the central banks and the fiscal authorities.

Turkey's economy is powerful enough to tackle tough times.

The world has conducted a massive macro-economic experiment since the cataclysm of 2008. In Europe, the fans of austerity have had their chance, and the results have been a disaster.

There are still deep-seated structural problems that threaten the economic balance in the world: Between the United States and China, for example, but also within Europe. We have taken a few steps toward taming the financial markets, but we haven't come nearly far enough to rule out a repetition of the crisis.

The three main political parties all agree the UK deficit is high and needs to be brought down. All agree that it is easier to get a deficit down if you have faster growth, cutting unemployment-related costs and raising revenues.

Forget about banks that are too big to fail; the focus should be on cities, municipalities and countries that are too big to fail.

The Greek debt issue, for example, is such a threat because if that country ever defaulted, it might cause some bank that's 'too big to fail' to actually fail.

It is better to implement reforms in times of economic strength.

There are two problems in my life. The political ones are insoluble and the economic ones are incomprehensible.

If you're going to do economic reform, you'd better do it in one fell swoop rather than a little bit at a time.

Economic depression cannot be cured by legislative action or executive pronouncement.

We have much more to fear from economic weakness in Europe than in economic strength in Europe.

Politicians always seek a pain-free solution to economic problems, and the economists keep reminding us that there is no such thing.

We used to think that we could spend our way out of a recession…. I tell you in all candor that that opinion no longer exists.