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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• However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.

  Toshihiko Fukui

  Zero, Perception, Should

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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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• 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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• 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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• 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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• 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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• 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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• 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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• First, I think the science of monetary economics has clearly gotten better.

  Martin Feldstein

  Thinking, Firsts, Economics

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• The monogram of our national initials, which is the symbol for our monetary unit, the dollar, is almost as frequently conjoined to the figures of an engineer's calculations as are the symbols indicating feet, minutes, pounds, or gallons. ... This statement, while true in regard to the work of all engineers, applies particularly to that of the mechanical engineer.

  Henry R. Towne

  Feet, Dollars, Pounds

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• We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power. Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down.

  Ron Paul

  Money, Real, Power

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• I don't think anyone sets out to malign poor people but certainly that's what we do through organizations such as the World Trade Organization, the World Bank and the International Monetary Fund.

  Bob Geldof

  Thinking, Organization, People

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• My father, one of the great entrepreneurs and philanthropists of this state, taught me that capital - monetary or political - is to be used to benefit others. I intend to continue that tradition.

  Jon Huntsman, Jr.

  Father, Entrepreneur, Political

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• The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.

  Stephen S. Roach

  Discipline, World, Financial

  Stephen S. Roach (2010). “Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization”, p.28, John Wiley & Sons

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• The world's central banks and the International Monetary Fund still have vaults full of bullion, even though currencies are no longer backed by gold. Governments hold on to it as a kind of magic symbol, a way of reassuring people that their money is real.

  James Surowiecki

  Real, Government, People

  "Why Gold?". www.newyorker.com. November 29, 2004.

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• No duty is more imperative for the government than the duty it ;owes the people to furnish them with a sound and uniform currency, an of regulating the circulation of the medium of exchange so that labor will be protected from a vicious currency [private bank-created, interest-bearing debt], and commerce will be facilitated by cheap and safe exchanges.

  Abraham Lincoln

  Government, People, Sound

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• We made a decision that monetary policy will be made by an independent European Central Bank.

  Gerhard Schroder

  Independent, Decision, Made

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• Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal policies that can strain a joint currency.

  Amity Shlaes

  Country, Independent, Europe

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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.

  William Julius Wilson

  Recovery, People, Community

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

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• Goodness is weakness, pleasantness is poisonous, serenity is mediocrity and kindness is for losers. The best reason for committing loathsome and detestable acts – and let’s face it, I am considered something of an expert in this field – is purely for their own sake. Monetary gain is all very well, but it dilutes the taste of wickedness to a lower level that is obtainable by almost anyone with an overdeveloped sense of avarice. True and baseless evil is as rare as the purest good.

  Jasper Fforde

  Kindness, Evil, Serenity

  "The Eyre Affair". Book by Jasper Fforde, July 19, 2001.

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• Government should stand behind its currency and credit and the bank deposits of the nation. No individual should suffer a loss of money through depreciation or inflated currency of Bank bankruptcy.

  Abraham Lincoln

  Loss, Government, Suffering

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• Government, possessing the power to create and issue currency and credit as money and enjoying the right to withdraw both currency and credit from circulation by taxation and otherwise, need not and should not borrow capital at interest as a means of financing government work and public enterprises.

  Abraham Lincoln

  Mean, Government, Issues

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• For complex reasons, our culture allows "economy" to mean only "money economy." It equates success and even goodness with monetary profit because it lacks any other standard of measurement. I am no economist, but I venture to suggest that one of the laws of such an economy is that a farmer is worth more dead than alive. A second law is that anything diseased is more profitable than anything that is healthy. What is wrong with us contributes more to the "gross national product" than what is right with us.

  Wendell Berry

  Success, Mean, Law

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