“By the end of 2007, UK household debt had reached 177% of disposable income, mortgage debt 132%. Martin Wolf wrote in the Financial Times in September 2008” — Robert Skidelsky Copy Share Image
“By the end of 2007, UK household debt had reached 177% of disposable income, mortgage debt 132%. Martin Wolf wrote in the Financial Times in September 2008” — Robert Skidelsky Copy Share Image
“notably the 1999 repeal of the US Glass–Steagall Act – allowed commercial banks to become investment banks as well. In addition to investing their depositors’ money, they became highly leveraged speculators in the newly developed securities,” — Robert Skidelsky Copy Share
“The UK office for National Statistics has identified the things that matter most for happiness as "health, relationships, work, and the environment" - a list that tallies closely with our basic goods. Given that our lives have not noticeably improved in these respects since 1974 it is hardly surprising that we do not feel any happier. Are we then suggesting… — Robert Skidelsky Copy Share
“...You haven't I suppose ever mixed with politicians at close quarters. They're awful...their stupidity is inhuman.” — Robert Skidelsky Copy Share Image
“Kanjorski claims to be repeating an account of events given to him by US Treasury Secretary Henry Paulson and Fed Reserve chairman Ben Bernanke:… — Robert Skidelsky Copy Share Image
“The securitization of mortgages was not new; its explosion after 2000 was the result of three deregulating policy decisions: the repeal in 1999 of… — Robert Skidelsky Copy Share Image
“If only one person were perfectly informed there could never be a general crisis. But the only perfectly informed person is God, and he… — Robert Skidelsky Copy Share Image
![“Kanjorski claims to be repeating an account of events given to him by US Treasury Secretary Henry Paulson and Fed Reserve chairman Ben Bernanke: On Thursday [18 September], at 11 a.m. the Federal Reserve noticed a tremendous draw-down of money-market accounts in the US; [money] to the tune of $550…” quote by Robert Skidelsky](https://sms4smile.com/quotes/img-quotes/9f1/robert-skidelsky-50275_economic-system_kanjorski-claims-to-be-repeating-an-acco_2628349.jpg)
