There is a time for weighing evidence and a time for acting. And if there's one thing I've learned throughout my work in finance, government, and conservation, it is to act before problems become too big to manage.
Henry PaulsonRead
Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity.
Interpretation
Economic growth and environmental protection are interconnected and can mutually benefit long-term prosperity.
In this quote, Henry Paulson emphasizes the idea that economic growth does not have to come at the expense of environmental health. Instead, he argues that fostering economic development while also taking care of the environment leads to a more sustainable and prosperous future, where the well-being of the economy and the planet are seen as two aspects of the same overall goal.
In practice
During a conference on sustainable development, this quote could be cited to emphasize the need for balanced policies.
There is a time for weighing evidence and a time for acting. And if there's one thing I've learned throughout my work in finance, government, and conservation, it is to act before problems become too big to manage.
In all my life, I've been trained that when there's a big problem, you run toward it.
Complexity and interconnectedness matter as much as size in assessing risk in banking.
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
I think history shows that countries have to have some kind of a threshold level of economic success before they begin to have the means and the will to focus on the environment.
I've always said to everyone that ever worked for me, if you get too dug in on a position, the facts change, and you don't change to adapt to the facts, you will never be successful.
The Federal Reserve, like other central banks, wields powerful tools; democratic accountability requires that the public be able to see how and for what purposes those tools are being used.
There's no reason to think that_x000D_ markets always drive people to_x000D_ what's good for them.
Governments must commit to sound economic and financial policies. This is how we ensure reform in the euro area - and our independence.
By killing transparency and competition, crony capitalism is harmful to free enterprise, opportunity, and economic growth. And by substituting special interests for the public interest, it is harmful to democratic expression.
The accepted ideas of any period are singularly those that serve the dominant economic interest...What economists believe and teach, whether in the United States or in the Soviet Union, is rarely hostile to the institutions - the private business enterprise, the Communist Party - that reflect the dominant economic power. Not to notice this takes effort, although many succeed.
China's government has far more control over the country's economy than our government has over ours, and it is moving from export dependence to a model of growth driven by domestic demand. Any restriction on exports to the U.S. would simply accelerate a process already underway.
Subscribe for the occasional hand-picked quote. No noise.