“To understand the crisis we need to get beyond the blame game. For at the root of the crisis was not failures of character or competence, but a failure of ideas.”

Source: John Maynard Keynes: The Return of the Master (2009), Ch. 1 : What Went Wrong?

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Robert Skidelsky12

Economist and author 1939

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“The nation is in the grip of a crisis. It is in essence a crisis of character. The obstructions and failures in other fields – economic, social and political – are just a reflection of our decline in the moral scale.”

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“It was the failure to properly price such risky assets that characterized the crisis.”

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Context: Much of the securitization took the form of collateralized debt obligations (CDOs) with senior credit tranches certified by rating agencies as AAA. It was the failure to properly price such risky assets that characterized the crisis.

“The onset of a crisis is usually triggered by a spectacular failure which shakes confidence in fictitious forms of capital.”

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“Another strong force for change: crisis. All the failures of education, like a fever, signal a deep struggle for health.”

Marilyn Ferguson (1938–2008) American writer

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“Here is the bottom line. When we are dealing with this crisis, we need to listen to the scientists, to the researchers, to the medical folks, not politicians. We need an emergency response to this crisis and we need it now.”

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“The present-ness demanded by a crisis is possible w/out crisis. Understand the keys to appropriate engagement. GTD.”

David Allen (1945) American productivity consultant and author

13 August 2012 https://twitter.com/gtdguy/status/235132922565369857 <br class="br"> Official Twitter profile (@gtdguy) https://twitter.com/gtdguy

“The worst of failure in this kind is that it spoils the market for more competent performers.”

James Agate (1877–1947) British diarist and critic

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Bernie Sanders (1941) American politician, senator for Vermont

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“Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around.”

Milton Friedman book Capitalism and Freedom

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Context: There is enormous inertia—a tyranny of the status quo—in private and especially governmental arrangements. Only a crisis—actual or perceived—produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes politically inevitable.

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Lester B. Pearson (1897–1972) 14th Prime Minister of Canada

Memoirs, Volume One

“To understand the crisis we need to get beyond the blame game. For at the root of the crisis was not failures of character or competence, but a failure of ideas.”

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Robert Skidelsky12

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