Monetary Quotes - Page 8

• The Great Depression in the United States, far from being a sign of the inherent instability of the private enterprise system, is a testament to how much harm can be done by mistakes on the part of a few men when they wield vast power over the monetary system of the country.

  Milton Friedman

  Country, Mistake, Men

  Milton Friedman (2009). “Capitalism and Freedom: Fortieth Anniversary Edition”, p.50, University of Chicago Press

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• ...there seems to be a correlation between the intensity of the official attacks on gold and the severity of monetary crises.

  Hans F. Sennholz

  Gold, Intensity, Crisis

  Hans F. Sennholz (1979). “Age of inflation”

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• I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten.

  Arthur Laffer

  Fall, Thinking, Years

  "Journal Editorial Report" with Paul Gigot, www.foxnews.com. June 12, 2010.

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• Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.

  George Soros

  Fashion, Real, Impact

  George Soros (1994). “The Alchemy of Finance: Reading the Mind of the Market”, p.17, John Wiley & Sons

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• If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit.

  Ludwig von Mises

  World, Increase, Purchasing Power

  Ludwig Von Mises (2006). “Economic Policy: Thoughts for Today and Tomorrow”, p.66, Ludwig von Mises Institute

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• This Federal Reserve Act establishes the most gigantic trust on earth. When the President (Wilson) signs this bill the invisible government of the Monetary Power will be legalized.

  Charles August Lindbergh

  Government, President, Bankers

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• The international monetary order is more precarious by far today than it was in 1929. Then, gold was international money, incorruptible, unmanageable, and unchangeable. Today, the U.S. dollar serves as the international medium of exchange, managed by Washington politicians and Federal Reserve officials, manipulated from day to day, and serving political goals and ambitions. This difference alone sounds the alarm to all perceptive observers.

  Hans F. Sennholz

  Ambition, Order, Differences

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• We made a sacred covenant to follow the Creator's life plan at all times, which includes the responsibility of taking care of this land and life for His divine purpose. We have never made treaties with any foreign nation, including the United States, but for many centuries we have honored this Sacred Agreement. Our goals are not to gain political control, monetary wealth nor military power, but rather to pray and to promote the welfare of all living beings and to preserve the world in a natural way.

  Thomas Banyacya

  Military, Responsibility, Land

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• These are the multinationals, like General Motors and Nestle; these are the big industrial groups that weigh, on the monetary scale, much more than big countries like Egypt.

  Ahmed Ben Bella

  Country, Egypt, Groups

  "For Ahmed Ben Bella, the liberation of the people in the South is still unachieved". Interview with Silvia Cattori, www.voltairenet.org. May 9, 2006.

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• The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China.

  Laurent Fabius

  Europe, Balance, Unions

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• The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level.

  Hu Jintao

  Impact, United States, Dollars

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• This is the darkest hour before dawn and we should never underestimate monetary authorities' ability to deal with the adversity.

  Gideon Gono

  Adversity, Dawn, Underestimate

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• Which brings me to the point: In order to lose momentum, the U.S. economy has to have momentum to begin with. If it had any, I missed it. What we had was a government-prescribed course of amphetamines (to keep it up), antibiotics (to prevent infection) and antidepressants (to make it feel better). It endured regular steroid injections from both monetary and fiscal authorities. And it still has no real muscle.

  Caroline Baum

  Real, Feel Better, Government

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• I only took a high school acting class because there was no other class I wanted to take. I loved it, but I was always against acting as a profession. I didn't like the monetary fluctuations I saw.

  Josh Brolin

  School, Class, Acting

  "Biography/Personal Quotes". www.imdb.com.

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• When you give your heart and you give it to God, where your treasure is, that's where your heart is. And so you put your heart in your hand which is in the form of monetary- or money, or offering, and you say, 'God! Here it is!'

  Steve Munsey

  Heart, Offering, Hands

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• The theory of economic shock therapy relies in part on the roleof expectations on feeding an inflationary process. Reining in inflation requires not only changing monetary policy but also changing the behavior of consumers, employers and workers. The role of a sudden, jarring policy shift is that it quickly alters expectations, signaling to the public that the rules of the game have changed dramatically - prices will not keep rising, nor will wages.

  Naomi Klein

  Games, Expectations, Roles

  "The Shock Doctrine: The Rise of Disaster Capitalism". Book by Naomi Klein, 2007.

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• I never have felt that people should feel that they are better than others, simply because they just happen to possess a larger share of material items and monetary wealth than others less fortunate. I believe in sharing, assisting, and just lending a helping hand to people.

  Michael Jackson

  Believe, Hands, People

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• Monetary policy is not a panacea.

  Ben Bernanke

  Panacea, Monetary Policy, Policy

  "Ben Bernanke won't commit to fiurther Fed stimulus - US politics live". Richard Adams's blog, www.theguardian.com. June 7, 2012.

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• Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.

  Friedrich August von Hayek

  Government, Circles, Effort

  "The Constitution of Liberty". Book by Friedrich Hayek, Chap. 21 : The Monetary Framework, 1960.

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• A sunny disposition is worth more than [a monetary] fortune. Young people should know that it can be cultivated; that the mind like the body can be moved from the shade into sunshine.

  Andrew Carnegie

  Inspirational, Sunshine, People

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• I think in reality the Japanese have to make changes in monetary policy, otherwise we're still going to be dealing with some upward pressure on the yen against the dollar.

  Arthur Penrhyn Stanley

  Reality, Thinking, Dollars

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• You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.

  Andrew Jackson

  Nwo, Presidential, Vipers

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• The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register.

  Hans F. Sennholz

  Age, Gold, Littles

  Hans F. Sennholz (1979). “Age of inflation”

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• The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.

  Robert Gilpin

  Dream, Powerful, Impact

  "The Political Economy of International Relations". Book by Robert Gilpin, 1987.

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• Right after the Civil War there was considerable talk about reviving Lincoln's brief experiment with the Constitutional monetary system. Had not the European money-trust intervened, it would have no doubt become an established institution.

  W. Cleon Skousen

  Money, War, Historical

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