Monetary Quotes - Page 2

• We already have a federation. The 11, soon to be 12, member States adopting the euro have already given up part of their sovereignty, monetary sovereignty, and formed a monetary union, and that is the first step towards a federation.

  Joschka Fischer

  Europe, Unions, Firsts

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• In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.

  Evan Davis

  Principles, Three, Matter

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• And still, the best of us build, and reach monetary gains. Some of us kill, but still, most of us can change.

  Tupac Shakur

  Rapper, Gains, Stills

  Song: 2Pac + Outlawz---As The World Turns

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• In recent years personal injury attorneys and trial lawyers have attacked the food industry with numerous lawsuits alleging that these businesses should pay monetary damages to those who, of their own accord, consume too much of a legal, safe product.

  Bob Ney

  Years, Trials, Safe

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• I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.

  James M. Buchanan

  Running, Mean, Creating

  Source: www.aims.ca

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• A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery. Employers would rather not hire a lot of workers from the inner city. They feel people from the inner city are not job-ready, that the kids have been poorly educated, that they can't read, they can't write, they can't speak.

  William Julius Wilson

  Kids, Writing, Recovery

  Interview With Gerald Early, www.motherjones.com. September/October 1996.

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• Writing for film is so different; it's such an act of submission, both on a monetary and time level, because you basically kind of have to just set everything else aside - it's like suddenly getting a temp job that requires you to work 16-hour days. Also just aesthetically, you have to completely leave all of your ego out of it.

  Owen Pallett

  Writing, Ego, Different

  Source: www.interviewmagazine.com

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• Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.

  Mark Zandi

  Japan, Effort, Each Month

  Source: www.washingtonpost.com

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• Let's say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this craving, but I can't afford it, so I get a printing press, and I start printing money, and I print billions and billions to buy chocolate. So I create this boom in the chocolate industry, so stores are running out of chocolate. So they have demand, so chocolate makers expand. Cocoa growers expand. You create this great boom. But now the feds arrest me and shut me down. And now there is a depression in the chocolate industry. That's what happens with the monetary policy.

  Charles Koch

  Running, Printing Money, Chocolate

  Source: www.washingtonpost.com

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• Sometimes I'm under the impression some of the fights happen that they shouldn't happen because a guy's cheating. Also, I think when something like this happen they should have not only a suspension but also monetary wise enforce a penalty. Maybe take the purse of the fighter to the other fighter.

  Georges St-Pierre

  Wise, Cheating, Fighting

  Source: www.bloodyelbow.com

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• Human capital analysis starts with the assumption that individuals decide on their education, training, medical care, and other additions to knowledge and health by weighing the benefits and costs. Benefits include cultural and other non-monetary gains along with improvement in earnings and occupations, while costs usually depend mainly on the foregone value of the time spent on these investments.

  Gary Becker

  Training, Analysis, Cost

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• The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit. The more inflation progresses, the higher rises the national income.

  Ludwig von Mises

  Progress, Income, Making Money

  Ludwig Von Mises (1962). “The Ultimate Foundation of Economic Science: An Essay on Method”

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• Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.

  Marek Belka

  Country, Mean, Imbalance

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• Much of American wealth is an illusion which is being secretly gnawed away and much of it will be completely wiped out in the near future....So what is the rest of your future? A grisly list of unpleasant events -- exploding inflation, price controls, erosion of your savings (eventually to nothing), a collapse of private as well as government pension programs, and eventually an international monetary holocaust which will sweep all paper currencies down the drain and turn the world upside down.

  Howard Ruff

  Erosion, Government, Holocaust

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• The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary pressure, as well as inhibiting the expansion of capacity or the introduction of cost -reducing capital improvements.

  William Vickrey

  Cost, Pressure, Sides

  "Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey".

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• Monetary rewards are not a substitute for intrinsic motivation.

  W. Edwards Deming

  Motivation, Rewards, Management

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• In practice [monetary management] is merely a high-sounding euphemism for continuous currency debasement. It consists of constant lying in order to support constant swindling. Instead of automatic currencies based on gold, people are forced to take managed currencies based on guile. Instead of precious metals they hold paper promises whose value falls with every bureaucratic whim. And they are suavely assured that only hopelessly antiquated minds dream of returning to truth and honesty and solvency and gold.

  Henry Hazlitt

  Dream, Honesty, Lying

  "What You Should Know about Inflation".

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• Here are the folks that are involved in this New World Order: The United Nations [....] the World Council of Churches [.....] the Council of Foreign Relations, the Trilateral Commission, the Bilderbergers [.....] the International Monetary Fund [.....] the Club of Rome, the communists, the socialists, the National Education Association [.....] the NOW organisation, the ACLU, the Masonic Lodge.

  Kent Hovind

  Rome, Order, Church

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• The monetary policies of the US will destroy the world.

  Marc Faber

  World, Monetary Policy, Policy

  "Marc Faber, Famous Swiss Investor: Federal Reserve Stimulus ‘Will Destroy The World" By Harry Bradford, www.huffingtonpost.com. September 14, 2012.

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• Monetary relations have penetrated into every nook and cranny of the world and into almost every aspect of social, even private life.

  David Harvey

  World, Social, Aspect

  "The Limits To Capital". Book by David Harvey, 1982.

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• Oxytocin infusion increases generosity in unilateral monetary transfers by 80 percent [and] increases donations to charity by 50 percent.

  Paul J. Zak

  Oxytocin, Generosity, Brain

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• I am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve authorities and would not have occurred under earlier monetary and banking arrangements.

  Milton Friedman

  Omission, Historical, Banking

  Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.45, University of Chicago Press

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• The essence of the contemporary monetary system is creation of money, out of nothing, by private banks’ often foolish lending.

  Martin Wolf

  Essence, Foolish, Creation

  "The Fed is right to turn on the tap". www.ft.com. November 9, 2010.

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• If all the bank loans were paid, no one could have a bank deposit, and there would not be a dollar of coin or currency in circulation. This is a staggering thought. We are completely dependent on the commercial banks. Someone has to borrow every dollar we have in circulation, cash, or credit. If the banks create ample synthetic money we are prosperous; if not, we starve. We are absolutely without a permanent money system. When one gets a complete grasp of the picture, the tragic absurdity of our hopeless situation is almost incredible - but there it is.

  Robert W. Hemphill

  Commercial Banks, Bankers, Dollars

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• In all the thrashing about that results from our dwindling gold reserves, it's about time that this country and other countries get some perspective on the situation. The day this country is out of the stuff, that day gold becomes what it's worth as a metal and no longer will have much significance as a monetary measurement. It isn't the gold we have that makes this nation rich. It's what we make, our knowhow, our productivity. So long as this country produces more and better, the world will continue to want what we make.

  Malcolm Forbes

  Country, Long, Perspective

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