Throughout the 19th century, when there was a laissez-faire mentality and insufficient regulation, you had one crisis after another. Each crisis brought about some reform. That is how central banking developed.
The laboratory where we stored all our negatives went bankrupt overnight following the Asian economic crisis in 1997. So, on short notice, we had to retrieve all the materials in the middle of the night before the debtor-receiver took over the laboratory the next morning.
The financial crisis of 2008 was not caused by investment banks betting against the housing market in 2007. It was caused by the fact that too few investors - including all of the big investment banks - bet too heavily on the housing market in the years before 2007.
The biggest challenge or biggest crisis knocking on the doors of humankind is fear and intolerance.
Bishops need to resist the defensiveness that institutions often fall back on in crisis moments.
I suspect the psychological pressure associated with that crisis caused the first mental blackout I had ever suffered. It contributed to a deterioration in my health that later required the insertion of a heart pacemaker.
I like those crisis moments - if you're on top of it and don't get pulled under by panic and fear, it's a very bonding thing.
It will not be possible to solve the current crisis with euro bonds.
At this time - we're in a dramatic crisis - euro bonds are precisely the wrong answer. They lead us into a debt union, not a stability union. Each country has to take its own steps to reduce its debt.
The attitude of the West and of Russia towards a crisis like Ukraine is diametrically different. The West is trying to establish the legality of any established border. For Russia, Ukraine is part of the Russian patrimony.
The mission of Border Patrol agents to protect the United States from harm is being impeded by a crisis Congress has the ability to fix, but as usual, chooses not to.
Brexit is the other face of the refugee crisis - tensions that lead to stasis, external risks that lead to asymmetric shocks.
Dodd-Frank has disproportionately burdened community banks, despite their having no role in the financial crisis.
Obama's primary constituency was financial institutions. They were the core of the funding for his campaign. They expect to be paid back. And they were. They were paid back by coming out richer and more powerful than they were before the crisis that they created.
Here comes 40. I'm feeling my age and I've ordered the Ferrari. I'm going to get the whole mid-life crisis package.
If a debt crisis results from government profligacy and mismanagement, rather than from a market failure, it is true that the central bank should not intervene.
When written in Chinese, the word 'crisis' is composed of two characters. One represents danger and the other represents opportunity.
So many diseases and illnesses have fundamental roots in the lack of clean water. Resolving the clean water crisis would mitigate a lot of problems.
Following the missile crisis, detente started to gain ground between the United States and the Soviet Union, so the international political climate improved after that.
In fighting the debt crisis, E.U. countries have enhanced co-operation and carried out reform with tremendous courage. This is laudable.
