To claim the World Bank is just an extension of U.S. foreign policy is just wrong.
“To claim the World Bank is just an extension of U.S. foreign policy is just wrong.”
— Nicholas Stern · Bank
The World Motivation
To claim the World Bank is just an extension of U.S. foreign policy is just wrong.
“To claim the World Bank is just an extension of U.S. foreign policy is just wrong.”
— Nicholas Stern · Bank
Explore more quotes by Nicholas Stern on topics like Bank, wisdom, and life lessons.
“To claim the World Bank is just an extension of U.S. foreign policy is just wrong.”
“Those who say that climate change doesn't exist are being understood as the flat-earthers that they are, as the people who deny the link between smoking and cancer, as the people who denied the link between HIV and AIDS.”
“We can look back through ice-core data and see over 800,000 years, relationships between carbon dioxide and the temperature of the world. So those people who deny the importance of climate change are just wasting their time. They're also being diversionary because if we don't act the risks are enormous.”
“If you look at all the serious scientists in the world, there is no big disagreement on the basics of this... it would be absolute lunacy to act as if climate change is not occurring.”
“As an undergraduate, I did maths and physics. That doesn't make me a scientist. So I try to read and understand and talk to scientists.”
“A bank needs models to measure risk. The problem, however, is that any one bank can measure its risk, but it also has to know what the risk taken by other banks in the system happens to be at any particular moment.”
“I hate when people say, 'Oh, they laughed all the way to the bank.' That's nonsense because the most cynical, unhappy people are Hollywood screenwriters. They earn hundreds of thousands of dollars a year for work that's never made.”
“What we prefer to do is operate our investment bank in a way that is like what investment banks used to be, which is a middle man - someone who is here to match people who need capital with people who have capital - and not position ourselves at the center of that by taking big positions on a trading stance.”
“The cost of money rises dramatically if you can't afford to keep it in a bank.”
“My English is actually getting worse. We talk Spanish at home and switch to English only when we need it. Like when we go to the bank to get some money.”
“If coal is going to be used, the only response - because it is the dirtiest of all fuels - is that we have to learn how to do carbon capture and storage and we have to learn how to do it quickly on a commercial scale.”
“I could live in a house in the sky with a golden car and have a billion dollars in the bank, and I'd still have a chip on my shoulder. When I feel slighted, I hold on to that. It's a good thing.”