[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fOjat7saoEmaeYrAnMNHyWO6iXxonaL6E3OSNo-lV204":3,"$ff4Cn0g5g_A3NA0mnwRZ5JpGFoTqvD-D5sZXBCasllSU":12},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},196021,"Meredith Whitney","M",13,null,"meredith-whitney",[],{"quotes":13,"pagination":118},[14,22,28,40,51,62,73,85,96,107],{"id":15,"quote_text":16,"author_id":5,"source_id":17,"has_image":18,"author":19,"source":20,"quote_tag":21,"commentary":9},3279960,"People knew that Murdoch’s media estate in the UK was too powerful and it was doing very unpleasant things.",6,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":23,"quote_text":24,"author_id":5,"source_id":17,"has_image":18,"author":25,"source":26,"quote_tag":27,"commentary":9},3279953,"You’re either making money or you’re not. If you’re not making money get out of the business.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":29,"quote_text":30,"author_id":5,"source_id":31,"has_image":18,"author":32,"source":33,"quote_tag":34,"commentary":9},2748343,"Municipal debt outstanding doubled in the past 10 years. And in the past 30 years, the U.S. has been in real economic nirvana.",4,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[35],{"id":36,"tag":37},5724385,{"id":38,"tag_name":39},4206,"real",{"id":41,"quote_text":42,"author_id":5,"source_id":31,"has_image":18,"author":43,"source":44,"quote_tag":45,"commentary":9},2748330,"You're either making money or you're not. If you're not making money get out of the business.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[46],{"id":47,"tag":48},5724376,{"id":49,"tag_name":50},8674,"making-money",{"id":52,"quote_text":53,"author_id":5,"source_id":31,"has_image":18,"author":54,"source":55,"quote_tag":56,"commentary":9},2748324,"People dont pay attention until they have to",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[57],{"id":58,"tag":59},5724365,{"id":60,"tag_name":61},294,"people",{"id":63,"quote_text":64,"author_id":5,"source_id":31,"has_image":18,"author":65,"source":66,"quote_tag":67,"commentary":9},2748310,"People knew that Murdoch's media estate in the UK was too powerful and it was doing very unpleasant things.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[68],{"id":69,"tag":70},5724355,{"id":71,"tag_name":72},2604,"powerful",{"id":74,"quote_text":75,"author_id":5,"source_id":31,"has_image":18,"author":76,"source":77,"quote_tag":78,"commentary":84},2748300,"The more we can do to address fiscal austerity, the better our markets will do, and there is a real political shift to doing that.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[79],{"id":80,"tag":81},5724342,{"id":82,"tag_name":83},16703,"address","**The Backstory**\nMeredith Whitney, a renowned American economist and author, likely made this statement in the aftermath of the 2008 global financial crisis. During this period, the world was grappling with the devastating consequences of unbridled financial excess, and policymakers were under pressure to implement austerity measures to stabilize economies. Whitney's statement reflects her concerns about the need for fiscal responsibility and the potential impact on financial markets.\n\n**The Hidden Insight**\nWhitney's quote reveals a counter-intuitive truth: the pursuit of fiscal austerity, often seen as a restrictive and limiting approach, can actually be beneficial for financial markets in the long run. This paradox lies in the fact that austerity measures can help stabilize economies, reduce debt, and create a more favorable business environment, which in turn can boost market confidence and performance.\n\n**How to Use This**\nTo apply this mindset today, consider the importance of balancing short-term growth with long-term fiscal responsibility. When making strategic decisions, weigh the potential benefits of cost-cutting measures against the potential risks of over-restricting resources, and strive to find a balance that supports sustainable growth and market resilience.",{"id":86,"quote_text":87,"author_id":5,"source_id":31,"has_image":18,"author":88,"source":89,"quote_tag":90,"commentary":9},2748282,"There's not a doubt in my mind that you will see a spate of municipal-bond defaults.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[91],{"id":92,"tag":93},5724327,{"id":94,"tag_name":95},601,"mind",{"id":97,"quote_text":98,"author_id":5,"source_id":31,"has_image":18,"author":99,"source":100,"quote_tag":101,"commentary":9},2748269,"At a certain point, you can't tax people beyond a certain level.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[102],{"id":103,"tag":104},5724313,{"id":105,"tag_name":106},3345,"certain",{"id":108,"quote_text":109,"author_id":5,"source_id":31,"has_image":18,"author":110,"source":111,"quote_tag":112,"commentary":9},2748254,"Every day things get better because politicians are addressing the fiscal challenges more aggressively.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[113],{"id":114,"tag":115},5724296,{"id":116,"tag_name":117},63720,"addressing",{"currentPage":119,"totalPages":120,"totalItems":8,"itemsPerPage":121},1,2,10]