A contingent bailout policy - implicit or explicit - must be coupled with some regulation of what banks can and cannot do. For example, a ban on lending to uncreditworthy customers might well make sense.


Eric Maskin

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The self-styled intellectual who is impotent with pen and ink hungers to write history with sword an...
ERIC HOFFER
We can never really be prepared for that which is wholly new. We have to adjust ourselves, and every...
ERIC HOFFER
Competing with an other is exhilarating, challenging, and healthy. That is what Games are for. When...
ERIC PARSLOW
A successful social technique consists perhaps in finding unobjectionable means for individual self-...
ERIC HOFFER
Absence of communication between necessarily linked parties ensures eventual conflict.
ERIC PARSLOW
The notion of implied meaning is the root of misunderstanding.
ERIC PARSLOW
To spell out the obvious is often to call it in question.
ERIC HOFFER
We never say so much as when we do not quite know what we want to say. We need few words when we hav...
ERIC HOFFER
To become different from what we are, we must have some awareness of what we are.
ERIC HOFFER
The well adjusted make poor prophets. A pleasant existence blinds us to the possibilities of drastic...
ERIC HOFFER
Art is skill, that is the first meaning of the word.
ERIC GILL
Prosperity is not just having things. It is the consciousness that attracts the things. Prosperity i...
ERIC BUTTERWORTH
Man is the only creature that strives to surpass himself, and yearns for the impossible.
ERIC HOFFER
The suspicious mind believes more than it doubts. It believes in a formidable and ineradicable evil ...
ERIC HOFFER
Dissipation is a form of self-sacrifice.
ERIC HOFFER
Nothing stops the man who desires to achieve. Every obstacle is simply a course to develop his achie...
ERIC BUTTERWORTH
A decision without the pressure of consequence is hardly a decision at all.
ERIC LANGMUIR.
When being dishonest, people can still tell the truth. Be mindful of the treacherous that do not lie...
ERIC PARSLOW
Those in possession of absolute power can not only prophesy and make their prophecies come true, but...
ERIC HOFFER
We lie loudest when we lie to ourselves.
ERIC HOFFER
Absolute faith corrupts as absolutely as absolute power.
ERIC HOFFER
There is no such thing as a lack of faith. We all have plenty of faith, it's just that we have faith...
ERIC BUTTERWORTH
They who lack talent expect things to happen without effort. They ascribe failure to a lack of inspi...
ERIC HOFFER
There is no loneliness greater than the loneliness of a failure. The failure is a stranger in his ow...
ERIC HOFFER
Facts are counterrevolutionary.
ERIC HOFFER
Where you are in consciousness has everything to do with what you see in experience.
ERIC BUTTERWORTH
Substantive abandonment of convention is evidence of mastery.
ERIC PARSLOW
It is remarkable by how much a pinch of malice enhances the penetrating power of an idea or an opini...
ERIC HOFFER
A great man's greatest good luck is to die at the right time.
ERIC HOFFER
Man was nature's mistake --she neglected to finish him -- and she has never ceased paying for her mi...
ERIC HOFFER
Truth and honesty are quite different. What a person believes to be true always follows when honesty...
ERIC PARSLOW
The game of history is usually played by the best and the worst over the heads of the majority in th...
ERIC HOFFER
It is by its promise of a sense of power that evil often attracts the weak.
ERIC HOFFER