Monetary Quotes - Page 9

• Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

  Murray Rothbard

  Money, Blessing, America

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• Every political creation of new money transfers wealth from workers and savers to those who are spending in the market place newly created monetary units which no one has earned.

  Percy L. Greaves, Jr.

  Political, Wealth, Creation

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• I have no regrets - in fact, I am pleased to have expelled the US ambassador, the Drug Enforcement Administration (DEA) and to have closed the US military base in Bolivia. Now, without a US ambassador, there is less conspiracy, and more political stability and social stability. Without the International Monetary Fund, we are better off economically.

  Evo Morales

  Regret, Military, Political

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• In a monetary system, most of us live near our work with a house, car, and lifestyle we can afford (or, all too often, cannot afford), rather than the one we prefer. We are only as free as our purchasing power permits. Even many wealthy people today select a residence mainly to impress others with their status. Lacking a true sense of self worth, many live to impress others.

  Jacque Fresco

  Self Worth, Car, People

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• What you should be in a rush for isn't necessarily the immediate monetary return, but it's to know that this equation existing between an employee and a company is being honored. What's the equation? I'm going to give you my most precious thing that I have - my time and my reputation. That's what the employee says. And the company says I'm going to take your time and your reputation and direct it at things that we believe collectively have a huge impact opportunity to do something extremely positive. And that positivity will get measured in impact and also economic upside.

  Chamath Palihapitiya

  Believe, Positivity, Opportunity

  Source: www.businessinsider.com

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• One must live with all, e'en if life be hell: Crime makes shame, not monetary stricture.

  Multatuli

  Life Is, Hell, Shame

  "Max Havelaar: Or the Coffee Auctions of the Dutch Trading Company". Novel by Multatuli, 1860.

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• In this age of electronic money, investors are no longer seduced by a financial 'dance of a thousand veils.' Only hard and accurate information on reserves, current accounts, and monetary and fiscal conditions will keep capital from fleeing precipitously at the first sign of trouble.

  Lawrence Summers

  Age, Information, Firsts

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• The goal of European unification can only be achieved if everyone participates, perhaps with exceptions in some areas. Not all countries are part of monetary union, and not all are in the Schengen area. But the fundamental goal should be to keep everyone on board.

  Wolfgang Schauble

  Country, Goal, Exception

  Source: www.spiegel.de

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• Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.

  Murray Rothbard

  Giants, Currency, Raises

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• The unique aspect of today's monetary inflation is that it is not limited to one country, but a host of countries are all inflating together. As a result of the monetary inflation (when all of the newly created money begins to leave the banks and enter the system), the price inflation will be worldwide.

  Peter DeGraaf

  Country, Unique, Together

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• A lot of people would enter restricted sites just to say they can, and then log out. Today, everything related to hacking seems to be for monetary gain.

  Michael Demon Calce

  People, Today, Gains

  Source: www.macleans.ca

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• In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption.

  Noam Chomsky

  Children, Spring, Blow

  "Noam Chomsky on America's Economic Suicide". Interview with Laura Flanders / GRITtv, www.alternet.org. May 4, 2012.

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• I think the reason we might hesitate to pay cash to students for doing well on tests or getting good grades or reading books is that we sense that the monetary payment is an extrinsic reward.

  Michael Sandel

  Book, Reading, Thinking

  Source: www.guernicamag.com

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• Never forget that no government has wealth of its own to spend. The money has to come from taxation, monetary inflation, or debt expansion that must be paid later. And government's spending choices will always be uneconomic relative to how society would use that wealth. That is to say, the money will be wasted.

  Llewellyn Rockwell

  Government, Choices, Expansion

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• The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an interest rate hike.

  Mohamed El-Erian

  Political, Needs, Approval

  Source: www.pbs.org

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• What governments call international monetary cooperation is concerted action for the sake of credit expansion.

  Ludwig von Mises

  Government, Credit, Sake

  Ludwig Von Mises (1963). “Human action: a treatise on economics”

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• Any nation that allows the government to dominate its monetary and economic policies will ultimately suffer grave consequences.

  James Cook

  Government, Suffering, Economic

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• From the inception of our nation our American ancestors intended for the United States to operate under a precious-metals monetary system or, more specifically, under a monetary system in which people used gold and silver coins rather than paper money as the media of exchange.

  Jacob G. Hornberger

  Media, People, Gold

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• Monetary expansion is a massive scheme of hidden redistribution.

  Murray Rothbard

  Expansion, Schemes, Massive

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• There is a long history of monetary experience. It tells us that government is at heart a counterfeiter and therefore cannot be trusted to control money, and that this is true of both autocratic and popular government.

  Garet Garrett

  Heart, Government, Long

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• A European currency will lead to member-nations transferring their sovereignty over financial and wage policies as well as in monetary affairs... It is an illusion to think that States can hold on to their autonomy over taxation policies.

  Hans Tietmeyer

  Thinking, Europe, Taxation

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• What's happening is there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the people who get to use the money first, which is created by the Federal Reserve System, benefit, so the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.

  Ron Paul

  Money, Wall, Class

  Republican Presidential debate in Dearborn, Mich., www.nytimes.com. October 9, 2007.

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• Money is the most important subject intellectual persons can investigate and reflect upon. It is so important that our present civilization may collapse unless it is widely understood and its defects remedied very soon.

  Robert W. Hemphill

  Money, Civilization, Intellectual

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• It’s just been my experience that some kinds of working relationships are better motivated by fear than by monetary gain.

  Stephenie Meyer

  Gains, Kind, Motivated

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• My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation.

  Janet Yellen

  Rising Prices, Goal, House

  "In 2004 Janet Yellen Feared Housing Bust But Did Not Raise Public Alarm" by Marilyn W. Thompson, Ann Saphir, and Alister Bull, www.businessinsider.com. October 30, 2013.

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