Share
×
Inspirational Quotes
Authors
Professions
Topics
Tags
Quote
The truth is that the United States doesn't need, and shouldn't have, a debt ceiling. Every other democratic country, with the exception of Denmark, does fine without one.
James Surowiecki
Share
Change background
T
T
T
Change font
Original
TAGS & TOPICS
James Surowiecki
Age: 57
Born: 1967
Born: April 30
Journalist
Writer
Meriden
Connecticut
James Michael Surowiecki
Doe
Exception
States
Shouldn
Without
Debt
Need
Democratic
Country
Fine
Needs
United
Denmark
Every
Doesn
Ceiling
Truth
Ceilings
More quotes by James Surowiecki
The ban on sports betting does exactly what Prohibition did. It makes criminals rich.
James Surowiecki
Nike used to be known as Blue Ribbon Sports. What's now Sara Lee used to be Consolidated Foods. And Exxon was once Standard Oil Company of New Jersey. These were name changes that worked. But for all the ones that do, there are 10 or 20 that don't.
James Surowiecki
No decision-making system is going to guarantee corporate success. The strategic decisions that corporations have to make are of mind-numbing complexity. But we know that the more power you give a single individual in the face of complexity and uncertainty, the more likely it is that bad decisions will get made.
James Surowiecki
The profit motive, indecorous though it may seem, may represent the best chance the poor have to reap some of globalization's benefits.
James Surowiecki
The business of America shouldn't be subsidizing business.
James Surowiecki
Markets work best when there's lots of information available and a historical track record to go on they excel at predicting things like horse races, election outcomes, and box-office results. But they're bad at predicting things like who will be the next Supreme Court nominee, as that depends on the whim of the president.
James Surowiecki
The challenge for capitalism is that the things that breed trust also breed the environment for fraud.
James Surowiecki
The history of the Internet is, in part, a series of opportunities missed.
James Surowiecki
You might think of consumption as a fairly passive activity, but buying new products and services is actually pretty risky, at least if you value your time and money.
James Surowiecki
Breaking tasks down into smaller sub-tasks can be very useful.
James Surowiecki
Sometimes even a smart crowd will make a mistake.
James Surowiecki
One of the problems that exacerbates procrastination is the feeling that you have lots of different things to do and no clear sense of which matter more, when they should be done, etc.
James Surowiecki
The smartest groups, then, are made up of people with diverse perspectives who are able to stay independent of each other. Independence doesn't imply rationality or impartiality, though. You can be biased and irrational, but as long as you're independent, you won't make the group any dumber.
James Surowiecki
In the business world, bad news is usually good news - for somebody else.
James Surowiecki
On Wall Street, fraudulent schemes tend to thrive during economic booms, and to blow up when times turn tough.
James Surowiecki
If companies tell us more, insider trading will be worth less.
James Surowiecki
What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.
James Surowiecki
Meeting external deadlines is much harder than meeting internal ones. On the other hand, internal deadlines sometimes don't feel real, and are therefore easy to evade.
James Surowiecki
Self-dealing, essentially, occurs when managers run companies to line their own pockets instead of those of the companies' owners. It's been a perennial problem in American capitalism and became a real dilemma when America moved toward a model in which corporations would be run by professional managers who had only small ownership stakes.
James Surowiecki
There does seem to be some evidence that as people get older, they procrastinate less, perhaps because they feel the pressure of time more.
James Surowiecki