Nouriel Roubini Quotes:
Ocupation: Economist
Life: b. March 29, 1958
Birthday: March 29
I believe in market economics. But to paraphrase Churchill - who said this about democracy and political regimes - a market economy might be the worst economic regime available, apart from the alternatives. I believe that people react to incentives, that incentives matter, and that prices reflect the way things should be allocated. But I also believe that market economies sometimes have market failures, and when these occur, there's a role for prudential - not excessive - regulation of the financial system.
topic: Believe, People, Political, Financial System, Market Economy, Market Failure
