Currency Quotes - Page 6

Thus those reformers, who look for a remedy by creating artificial carrying-costs for the money through the device of requiring legal-tender currency to be periodically stamped at a prescribed cost in order to retain its quality as money, or in analogous ways, have been on the right track; and the practical value of their proposals deserves consideration.

John Maynard Keynes

Order, Creating, Track

"The General Theory of Employment, Interest and Money". Book by John Maynard Keynes, Book 4, Chapter 17, Section 3, p. 234, February 1936.

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A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.

Robert Rubin

Strong, Mean, Dollars

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Where we cannot invent, we may at least improve; we may give somewhat of novelty to that which was old, condensation to that which was diffuse, perspicuity to that which was obscure, and currency to that which was recondite.

Charles Caleb Colton

Giving, May, Novelty

Charles Caleb Colton (1836). “Lacon: Or, Many Things in Few Words, Addressed to Those who Think”, p.14

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We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced ... we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank.

Adolf Hitler

Lying, Views, Laughing

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It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking.' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.

Paul Volcker

Unique, Gold, Boards

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That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.

Paul Volcker

Mistake, Gold, Dollars

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Gold, unlike all other commodities, is a currency...and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

Alan Greenspan

Gold, Paper, Demand

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We have made it possible, without gold and without foreign exchange, to maintain the value of the German mark. Behind the German mark stands the German capacity for work, while some foreign countries, suffocated by gold, have been compelled to devalue their currencies.

Adolf Hitler

Country, Gold, Devalue

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The currency of living is how you spend the moments of your life

Richard Bandler

Life, Moments

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By the time the last few notes fade, his hope will be restored, but each time he's force to resort to the Adagio it becomes harder, and he knows its effect is finite. There are only a certain number of Adagios left in him, and he will not recklessly spend this precious currency.

Steven Galloway

Numbers, Lasts, Notes

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Barack Obama has fatally undermined our currency, our solvency, our financial stability, and - ultimately - our economy all to spend money that has had no economic effect!

Dick Morris

Financial, Economic, Economy

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Whether government finances its added spending by increasing taxes, by borrowing, or by inflating the currency, the added spending will be offset by reduced private spending. Furthermore, private spending is generally more efficient than the government spending that would replace it because people act more carefully when they spend their own money than when they spend other people's money.

Richard Wagner

Government, People, Finance

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The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement to production, employment, saving, and investment. And the way to do this is to maintain a free market and a sound currency.

Henry Hazlitt

Encouragement, Giving, Growth

Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.135, Ludwig von Mises Institute

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My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. . .you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. . .I think you could see a 25% reduction in the standard of living in this country if the U.S. dollar was no longer the world's reserve currency. That's how valuable it is.

Sam Zell

Country, Loss, Thinking

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Sometimes markets err big time. Markets erred when they gave America Online the currency to buy Time Warner. They erred when they bet against George Soros and for the British pound. And they are erring right now by continuing to float along as if the most significant credit bubble history has ever seen does not exist. Opportunities are rare, and large opportunities on which one can put nearly unlimited capital to work at tremendous potential returns are even more rare. Selectively shorting the most problematic mortgage-backed securities in history today amounts to just such an opportunity.

Michael Burry

Opportunity, America, Erring

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The promise of American capitalism is that it makes people richer, freer and more independent. But since the introduction of Fed, the currency in which Americans keep score has so addled the figures, we scarcely know if we are winning or losing. The dollar we knew as a child - in the 1950's - is only worth a tenth as much today.

Bill Bonner

Children, Independent, Winning

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If drugs were legalized in the US, the Mexican economy would collapse since the earnings from drugs bring in more hard currency than its largest licit source, oil sales. Mexico is a corrupt state that has now become dependent on the earnings on an illegal product. But inevitably, the product will become legal and then Mexico will retain its corruption but must face the needs of its citizens now employed by the drug industry who have become steeped in violence and conditioned to higher incomes.

Charles Bowden

Oil, Mexican, Drug

Source: therumpus.net

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If you happen to be the only one with negative interest rates, you also weaken your currency, which means you make your exports more competitive.

Mohamed El-Erian

Mean, Negative, Interest

Source: www.pbs.org

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Does the cosmos contain keys for opening my diving bell? A subway line with no terminus? A currency strong enough to buy my freedom back? We must keep looking.

Jean-Dominique Bauby

Strong, Keys, Doe

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I learned a long time ago with you that folks who were trying to be kind would rather do it with a macaroni-and-cheese bake than any personal involvement. You hand off a serving dish and you've done your job - no need to get personally involved, and your conscience is clean. Food is the currency of aid.

Jodi Picoult

Jobs, Hands, Long

Jodi Picoult (2009). “Handle with Care: A Novel”, p.44, Simon and Schuster

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...Everything has to be taken on trust; truth is only that what is taken to be true. It's the currency if living. There may be nothing behind it, but it doesn't make any difference so long as it is honoured. One acts on assumptions. What do you assume?

Tom Stoppard

Taken, Differences, Long

Tom Stoppard (2007). “Rosencrantz and Guildenstern Are Dead”, p.67, Grove/Atlantic, Inc.

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I think there's real currency in pop culture.

Matt Tong

Real, Thinking, Culture

Source: pitchfork.com

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You know what's truly weird about any financial crisis? We made it up. Currency, money, finance, they're all social inventions. When the sun comes up in the morning it's shining on the same physical landscape, all the atoms are in place.

Bruce Sterling

Morning, Shining, Atoms

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A man walks down the street. It's a street in a strange world. Maybe it's the third world. Maybe it's his first time around. He doesn't speak the language. He holds no currency. He is a foreign man. He is surrounded by the sound, sound of cattle in the marketplace, scatterlings and orphanages. He looks around, around he sees angels in the architecture spinning in infinity and he says, "Amen" and "Hallelujah!

Paul Simon

Angel, Men, Sound

Paul Simon (2011). “Lyrics 1964-2011”, p.191, Simon and Schuster

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Beginning with Santa in infancy, and ending with the Tooth Fairy as the child acquires adult teeth. Or, plainly put, beginning with all the possibility of childhood, and ending with an absolute trust in the national currency.

Chuck Palahniuk

Children, Childhood, Adults

Chuck Palahniuk (2011). “Rant: The Oral History of Buster Casey”, p.62, Random House

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