Monetary Quotes - Page 10

• I suppose the pursuit of fashion has always carried a price, monetary or otherwise.

  Robert Charles Wilson

  Fashion, Pursuit

  "Julian Comstock: A Story of the 22nd Century". Book by Robert Charles Wilson, 2009.

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• Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

  Sri Mulyani Indrawati

  Country, Issues, Shock

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• Political union means transferring the prerogatives of national legislatures to the European parliament, which would then decide how to structure Europe's fiscal, banking, and monetary union.

  Barry Eichengreen

  Mean, Europe, Political

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• Perhaps the moral ambiguity of money is most plainly evidenced in the popular belief that money itself has value and that the worth of other things or of men is somehow measured in monetary terms, rather than the other way around.

  William Stringfellow

  Men, Way, Belief

  William Stringfellow (2006). “Dissenter in a Great Society: A Christian View of America in Crisis”, p.36, Wipf and Stock Publishers

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• Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.

  Ben Bernanke

  Technology, Growth, Progress

  Source: www.macleans.ca

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• Thanks to the central bank, most "monetary experts" and "leading macro-economists" can, by putting them on the payroll, be turned into government propagandists "explaining," like alchemists, how stones (paper) can be turned into bread (wealth).

  Hans-Hermann Hoppe

  Government, Alchemist, Experts

  "Dr. Hans-Hermann Hoppe on the Impracticality of One-World Government and the Failure of Western-style Democracy". Interview with Anthony Wile, www.thedailybell.com. March 27, 2011.

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• Gold was not selected arbitrarily by governments to be the monetary standard. Gold had developed for many centuries on the free market as the best money; as the commodity providing the most stable and desirable monetary medium.

  Murray Rothbard

  Government, Gold, Commodity

  Murray Newton Rothbard (1981). “What Has Government Done to Our Money?”, p.90, Ludwig von Mises Institute

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• rejected both the appropriateness of an apology and of monetary redress.

  John J. McCloy

  Apology, Rejection, Redress

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• Any discussion of investment or putting monetary value on the environment must start with the populations who rely on those resources.

  Helene D. Gayle

  Population, Environment, Investment

  Source: bigthink.com

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• Nicaragua is a World Bank and International Monetary Fund designated "heavily indebted poor country," with little legal ability to control its economic future: Everything is for sale. And once Nicaraguans decide to cash in and sell their houses or farms, they have to look far inland for anything affordable.

  Tony D'Souza

  Country, House, Looks

  "The Boomtown, the Gringo, the Girl, and Her Murder". www.outsideonline.com. May 1, 2007.

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• We stand for a living wage. Wages are subnormal if they fail to provide a living for those who devote their time and energy to industrial occupations. The monetary equivalent of a living wage varies according to local conditions, but must include enough to secure the elements of a normal standard of living-a standard high enough to make morality possible, to provide for education and recreation, to care for immature members of the family, to maintain the family during periods of sickness, and to permit of reasonable saving for old age.

  Theodore Roosevelt

  Immature, Age, Normal

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• There is a strange idea aboard, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has. He has it, perhaps, because he already has marketable assets of a greater cash value than the loan for which he is asking. Or he has it because his character and past record have earned it. He brings it into the bank with him. That is why the banker makes him the loan.

  Henry Hazlitt

  Character, Men, Past

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• It's hard in a monetary system to trust people.

  Jacque Fresco

  Trust, Money, People

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• Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for liquidity, and with a monetary system which rigidly links the quantity of money to the stock of the precious metals, it will be essential for the maintenance of prosperity that the authorities should pay close attention to the state of the balance of trade. For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.

  John Maynard Keynes

  Balance, Essentials, Attention

  John Maynard Keynes (2006). “General Theory Of Employment , Interest And Money”, p.307, Atlantic Publishers & Dist

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• Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.

  John James Cowperthwaite

  Running, Government, Balance

  Official Report of Proceedings of the Hong Kong Legislative Council (p. 249), March 29, 1967.

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• The utility, or intrinsic value of gold as a commodity is now considerably less than in the past; its monetary status has become extraordinarily ambiguous; and its future is highly uncertain.

  Benjamin Graham

  Past, Gold, Commodity

  "Storage and Stability". Book by Benjamin Graham.Part III, Chapter X, The Status of Gold and Silver, p. 127, 1937.

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• We must not forget that … monetary policy all over the world has followed the advice of the stabilizers. It is high time that their influence, which has already done harm enough, should be overthrown.

  Friedrich August von Hayek

  Advice, Done, World

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• Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?

  Frank Herbert

  Adventure, Population, Doe

  Frank Herbert (2002). “The Dosadi Experiment”, p.221, Macmillan

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• All of the government's monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to drive down the price of gold - but in the absence of any fundamental change in the nation's monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.

  Irwin Schiff

  Opportunity, Government, Political

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• So long as oil is used as a source of energy, when
  the energy cost of recovering a barrel of oil becomes
  greater than the energy content of the oil, production
  will cease no matter what the monetary price may
  be.

  M. King Hubbert

  Oil, Long, Energy

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• Outsourcing is a reflection of a bad economic environment domestically. If you fix that, you fix outsourcing. Our primary export is paper money, and that should change if you change the monetary policy.

  Ron Paul

  Reflection, Paper, Environment

  "The Candidates: Rep. Ron Paul". Live chat, www.washingtonpost.com. October 12, 2007.

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• The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken, as a whole is one of hyperinflation, devaluation and monetary chaos.

  Henry Hazlitt

  Taken, Liberty, Gold

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• The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.

  Robert Reich

  Running, War, Dirty

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• A gold standard is the ideal monetary system for those who create wealth through ingenuity, entrepreneurship, and hard work. Gold standards are disfavored by those who do not create wealth but instead seek to extract wealth from others through inflation, inside information, and market manipulation.

  James Rickards

  Hard Work, Gold, Information

  James Rickards (2014). “The Death of Money: The Coming Collapse of the International Monetary System”, p.156, Penguin

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• We're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.

  Ron Paul

  Country, Hurt, Money

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