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1010 KB
Extraction Summary
4
People
2
Organizations
1
Locations
0
Events
2
Relationships
4
Quotes
Document Information
Type:
Interview transcript or article excerpt (house oversight document)
File Size:
1010 KB
Summary
This document, stamped by House Oversight, contains an excerpt of an interview or profile featuring 'Keating' (likely former Australian PM Paul Keating). He discusses economic policy, criticizing high leverage ratios in financial institutions and referencing Alan Greenspan. The text also delves into Keating's philosophy on leadership, citing Immanuel Kant, the limitations of pure rationalism, and the inspirational role of music in his intellectual process.
People (4)
| Name | Role | Context |
|---|---|---|
| Keating | Interviewee/Subject |
Discussing economics, leadership, philosophy, and music. Likely referring to Paul Keating given the context of intern...
|
| Greenspan | Former Federal Reserve Chairman |
Criticized by Keating regarding leverage ratios and balance sheets, though stated as someone Keating 'knows and likes'.
|
| Obama | US President |
Praised by Keating for seeking a return to 'liberal internationalism'.
|
| Kant | Philosopher |
Cited by Keating regarding the 'inner command' and moral philosophy.
|
Organizations (2)
| Name | Type | Context |
|---|---|---|
| Federal Reserve |
Mentioned in relation to the chairmanship and financial oversight.
|
|
| House Oversight Committee |
Source of the document (indicated by footer stamp).
|
Locations (1)
| Location | Context |
|---|---|
|
Referenced in the context of 'liberal internationalism' and post-WWII history.
|
Key Quotes (4)
"But if you are so naive to believe that institutions with a balance sheet with assets geared at 45 to one is not an accident waiting to happen then you don't deserve to be chairman of the Federal Reserve."Source
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Quote #1
"I believe there is a poetic strand to life that doesn't exist in an economics textbook."Source
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Quote #2
"I say if you simply live on rational policy and briefing notes you are not sufficiently informed."Source
HOUSE_OVERSIGHT_029557.jpg
Quote #3
"You need a higher calling or some inner system of belief - here I mention Kant and the inner command that tells you what is true, what is right, what is good."Source
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Quote #4
Full Extracted Text
Complete text extracted from the document (1,520 characters)
"Greenspan is someone I know and like," Keating says. "But if you are so naive to believe that institutions with a balance sheet with assets geared at 45 to one is not an accident waiting to happen then you don't deserve to be chairman of the Federal Reserve."
He praises Obama for seeking a return to the "liberal internationalism" that, in Keating's view, made the US great in the post-World War II age. This is the US he loves but it is still in retreat.
Asked about the nature of leadership, Keating reveals what lies within his heart: "I believe there is a poetic strand to life that doesn't exist in an economics textbook.
"This is not to say that rationalism isn't important and good. It is. But left to itself without the guidance of higher meaning and a higher concept, rationalism can be mean and incomplete. I say if you simply live on rational policy and briefing notes you are not sufficiently informed.
"You need a higher calling or some inner system of belief - here I mention Kant and the inner command that tells you what is true, what is right, what is good. The inner command must be the divining construct in what you do.
"Music has always been a large part of what makes me tick. You listen to a great work . . . you hear the majesty of these works and your head and soul gets caught up in them. When that happens you are in for bigger things and you will strike out to be better.
"When I was listening to music I would always have the pad out to write the ideas down."
HOUSE_OVERSIGHT_029557
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