Monetary Quotes - Page 6

• Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.

  Peter Schiff

  Country, Thinking, Giving

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• The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.

  Ben Bernanke

  Risk, Demand, Path

  Ben Bernanke's Semiannual Monetary Policy Report to the Congress Before the Committee on Financial Services, U.S. House of Representatives, www.federalreserve.gov. February 15, 2006.

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• The purpose of money is to trade for things that make you happy. So if you can bypass money and get directly to the happy, you've saved a lot of trouble. And it makes others happier, too, when you organize your business around non-monetary things.

  Derek Sivers

  Bypass, Purpose, Trouble

  Source: www.huffingtonpost.com

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• I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it.

  Stephen Harper

  Thinking, Government, Trying

  Interview with Peter Mansbridge, www.theglobeandmail.com. June 5, 2012.

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• Currently, the United States has troops in dozens of countries and is actively fighting in Iraq, Syria, Libya, and Yemen (with the occasional drone strike in Pakistan). In addition, the United States is pledged to defend 28 countries in NATO. It is unwise to expand the monetary and military obligations of the United States given the burden of our $20 trillion debt.

  Rand Paul

  Country, Military, Fighting

  Source: www.realclearpolitics.com

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• Most people won't have opportunity to do full-time service, but those lucky enough to have monetary wealth or some spare time really can make an enormous difference. As someone who's now in the public sector, and is seeing up-close-and-personal the real impact of what we do and what we give, I can tell you: every dollar and every volunteer help, in more ways than you can count.

  Michael Bloomberg

  Real, Opportunity, Differences

  Michael Bloomberg's Slate 60 Dinner Keynote Address At William J. Clinton Presidential Library In Little Rock, Arkansas, www1.nyc.gov. November 12, 2006.

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• the most powerful bodies in the world, the World Trade Organization, the World Bank, and the International Monetary Fund, are also the least democratic and inclusive.

  Anita Roddick

  Powerful, Organization, World

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• It strengthens the bonds between nations to have the same civil laws and the same monetary system.

  Napoleon Bonaparte

  Law, Monetary System, Nations

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• Without the parallel development of systems of monetary - and credit-based exchange - there could have been no development of economies beyond the most primitive organizational forms and the most geographically restricted sales.

  Peter Dicken

  Credit, Development, Economy

  "Global Shift: Mapping the Changing Contours of the World Economy". Book by Peter Dicken, 1986.

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• People working at the arenas are not just depending on one or two concerts. I think it gives a symbolic boost, as well as those shows do bring down some monetary investments in the city.

  Al Sharpton

  Thinking, Cities, Two

  Source: www.foxnews.com

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• When people become frightened, they look for things of real value. They will go to monetary metals, gold and silver, and they will buy other things, such as buying property. But no matter what we have, whether we have our gold coins or we have our property, if we have an authoritarian government, that is our greatest threat. So, I would like to think that there is no perfect protection, other than shrinking the size and scope and power of government, so that we can be left alone and take care of ourselves.

  Ron Paul

  Real, Thinking, Government

  Source: www.peakprosperity.com

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• People who write for reward by way of recognition or monetary gain don't know what they're doing. They're in the category of those who write; they are not writers. Writing is simply something you must do. It's rather like virtue in that it is its own reward. Writing is selfish and contradictory in its terms. First of all, you're writing for an audience of one, you must please the one person you're writing for. Yourself.

  Harper Lee

  Selfish, Writing, Audience Of One

  "All I Want To Be Is The Jane Austen Of South Alabama". Interview with Roy Newquist, www.thebluegrassspecial.com.

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• Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.

  Ludwig von Mises

  Real, Public Opinion, Cracks

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• A military preparedness strategy with specifics yesterday and today rolls out a school of choice plan with monetary specifics. So [Donald Trump] has pivoted over the last, he had a very rough go after the conventions.

  Eric Bolling

  Military, School, Yesterday And Today

  "Clinton, Trump square off in commander-in-chief forum". "Special Report" with Bret Baier, www.foxnews.com. September 8, 2016.

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• Nothing is more dangerous than to live out the will of God in today's contemporary world. It changes your whole monetary lifestyle...Let me put it quite simply: If Jesus had $40,000 and knew about the kids who are suffering and dying in Haiti, what kind of car would he buy?

  Tony Campolo

  Jesus, Kids, Car

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• A monetary order created and managed by politicians and officials is bound to disappoint.

  Hans F. Sennholz

  Order, Politician, Disappoint

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• The Robert Mugabe school of economics provides a salutary warning about uncontrolled monetary expansion in generating hyper-inflation. The road to Harare is not as long as we might hope.

  Vince Cable

  School, Long, Expansion

  "Vincent Cable: Confiscating Savings From the Poor Is Stupid and Cruel". www.independent.co.uk. January 08, 2009.

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• Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading (Cuhel), and not an act of measuring. It was a mistake to search for a measure of the value of goods. In the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank.

  Ludwig von Mises

  Mistake, Order, Important

  Ludwig Von Mises (1960). “Epistemological Problems of Economics”, p.169, Ludwig von Mises Institute

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• Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back.

  Josiah Stamp

  Bankers, Banking, Credit

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• Marxism represents a further vital and creative stage in the maturing of man's universal vision... The nation-state is gradually yielding its sovereignty... More intensive efforts to shape a new world monetary structure will have to be undertaken.

  Zbigniew Brzezinski

  Men, Effort, Creative

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• During the thousands of years of monetary system, most workers have been paid just enough to make it necessary that they return to work, even when higher wages have been possible. How else can the wage-payer keep the workers coming back?

  Jacque Fresco

  Years, Return, Wages

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• Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management...would be greatly facilitated if resort could occasionally be had to witchcraft.

  John Kenneth Galbraith

  Long, Suffering, Would Be

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• Through the last centuries, the effort of capitalism has been to take all the things that were human relations and turn them into monetary exchanges.

  Daniel Pinchbeck

  Effort, Lasts, Century

  "Interview with Russell Brand, Daniel Pinchbeck, & Graham Hancock". ORIGIN Magazine Interview, www.marandapleasantmedia.com. May 12, 2012.

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• A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy.

  Milton Friedman

  Running, Needs, Complicated

  Source: www.pbs.org

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• I believe that the monetary stability is an absolutely critical element in the satisfactory operation of a system.

  Milton Friedman

  Believe, Elements, Operations

  Source: www.pbs.org

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