What would've happened, do you think, had the government not intervened in October 2008? The catastrophe to the economy would've been absolutely unbelievable. And yet classical economists say, "Oh, well, no, it would've adjusted perfectly happily, a few weeks of… — Robert Skidelsky, Baron Skidelsky Copy Share Image
You do just have to go back to moral philosophy and you've got to say, okay, there is greed, people do want more and more, but then what restrains them and what restrained them in the past was a view of life in which one's satisfaction wasn't the most important thing, that you just, you needed enough and you could… — Robert Skidelsky, Baron Skidelsky Copy Share
Bankers were scapegoats for the whole Reagan-Thatcher era, which exalted finance and humbled industry, and which had allowed the fruits of progress to accrue… — Robert Skidelsky, Baron Skidelsky Copy Share Image
It's not enough say, "Look, bankers were immensely greedy and that they committed lots of frauds." I mean, that's not, they were set free,… — Robert Skidelsky, Baron Skidelsky Copy Share Image
There's no automatic mechanism in a market system that reconciles the desire to save and the desire to invest. And therefore, the government has… — Robert Skidelsky, Baron Skidelsky Copy Share Image
When you think of everything in terms of just money, then almost nothing is enough. I mean, how much money is enough? Because it's… — Robert Skidelsky, Baron Skidelsky Copy Share Image
The psychology of the saver and the psychology of the investor is very closely connected with Keynes' distinction between risk and uncertainty. When the… — Robert Skidelsky, Baron Skidelsky Copy Share Image
What would've happened, do you think, had the government not intervened in October 2008? The catastrophe to the economy would've been absolutely unbelievable. And… — Robert Skidelsky, Baron Skidelsky Copy Share Image
Investors are trying to work out some risk premiere that have some correspondence with actual risks. But they don't, they're not, they can't go… — Robert Skidelsky, Baron Skidelsky Copy Share Image
Hayek became in his later years the dominant intellectual influence of the last quarter of the twentieth century. — Robert Skidelsky, Baron Skidelsky Copy Share Image
Americans feel as though the only position they can possibly occupy is number one and if they're not number one, well, the end of… — Robert Skidelsky, Baron Skidelsky Copy Share Image
