Reserves Quotes - Page 26

• So: if the chronic inflation undergone by Americans, and in almost every other country, is caused by the continuing creation of new money, and if in each country its governmental "Central Bank" (in the United States, the Federal Reserve) is the sole monopoly source and creator of all money, who then is responsible for the blight of inflation? Who except the very institution that is solely empowered to create money, that is, the Fed (and the Bank of England, and the Bank of Italy, and other central banks) itself?

  Murray Rothbard

  Country, England, United States

  "The Case against the Fed". Book by Murray Rothbard, 1994.

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• Unsolvable problems do not exist. Any crisis is a combination of specific tasks to be worked on. The government has the experience and reserves to overcome the economic downturn

  Dmitry Medvedev

  Government, Overcoming, Tasks

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• [Australian Reserve Bank] Governor MacFarlane said recently when Paul Volcker broke the back of American inflation it's regarded as the policy triumph of the Western world. When I broke the back of Australian inflation they say, "Oh, you're the fellow that put the interest rates up." Am I not the same fellow that gave them the 15 years of good growth and high wealth that came from it?

  Paul Keating

  Years, Growth, Triumph

  "7:30 Report" interview, May 08, 2006.

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• I've been accused of bad taste, and I'll go down to my grave accused of it and always by the same people, the ones who eat in restaurants that reserve the right to refuse service to anyone.

  Lenny Bruce

  People, Taste, Restaurants

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• A U.S. dollar is an IOU from the Federal Reserve Bank. It's a promissory note that doesn't actually promise anything. It's not backed by gold or silver.

  P. J. O'Rourke

  Promise, Gold, Dollars

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• I'm discovering there are innumerable ways to package, promote and sell my humor, as long as I reserve a little for myself to keep bouncing back and laughing off the rejections that are also part of the art of cartooning.

  Mark Evelyn Heath

  Art, Long, Laughing

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• Pride and reserve are not the only things in life; perhaps they are not even the best things. But if they happen to be your particular virtues you will go all to pieces if you let them go.

  Ford Madox Ford

  Pride, Things In Life, Pieces

  Ford Madox Ford (2003). “The Good Soldier: A Tale of Passion”, p.178, Broadview Press

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• Worry destroys the ability to write. Ill health is bad in the ratio that it produces worry which attacks your subconscious and destroys your reserves.

  Ernest Hemingway

  Writing, Ill Health, Worry

  Ernest Hemingway (2015). “Ernest Hemingway: The Last Interview: and Other Conversations”, p.12, Melville House

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• When you think about the current present value of the fossil fuel reserves that are on the books, the current fossil fuel companies, the last time that that much wealth was at stake was when the South fought the Civil War.

  Chris Hayes

  War, Book, Thinking

  "Chris Hayes Compares Climate Change To The Struggle To End Slavery". Now with Alex Wagner, www.newsbusters.org. October 19, 2012.

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• We need a safe place, a reserve of truth, a place where words kindle ideas and set ideas sparking off in others, a word sanctuary. Poetry is this gathering place of words.

  Allison Mackie

  Ideas, Poetry, Gathering

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• I, serial number 30743, Lieutenant General in reserves Yitzhak Rabin, a soldier in the Israeli Defense Forces and in the army of peace, I, who have sent armies into fire and soldiers to their death, say today: We sail onto a war which has no casualties, no wounded, no blood nor suffering. It is the only war which is a pleasure to participate in - the war for peace.

  Yitzhak Rabin

  Peace, War, Army

  Yitzhak Rabin's speech to the US Congress, July 26, 1994.

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• People who pray for miracles usually don't get miracles. But people who pray for courage, for strength to bear the unbearable, for the grace to remember what they have left instead of what they have lost, very often find their prayers answered. Their prayers help them tap hidden reserves of faith and courage that were not available to them before.

  Harold S. Kushner

  Prayer, People, Miracle

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• The life-efficiency and adaptability of the computer must be questioned. Its judicious use depends upon the availability of its human employers quite literally to keep their own heads, not merely to scrutinize the programming but to reserve for themselves the right of ultimate decision. No automatic system can be intelligently run byautomatonsor by people who dare not assert human intuition, human autonomy, human purpose.

  Lewis Mumford

  Running, Availability, People

  1970 TheMyth of theMachine.

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• As there is no worldly gain without some loss, so there is no worldly loss without some gain; if thou hast lost thy wealth, thou hast lost some trouble with it; if thou art degraded from thy honor, thou art likewise freed from the stroke of envy; if sickness hath blurred thy beauty, it hath delivered thee from pride. Set the allowance against the loss, and thou shalt find no loss great; he loses little or nothing, that reserves himself.

  Francis Quarles

  Art, Pride, Loss

  Francis Quarles (1844). “Enchiridion Institutions, Essays and Maxims, political, moral & divine. Divided into four centuries. By Francis Quarles”, p.42

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• Intriguingly, in poll after poll, when Americans are asked what public institutions they most respect, three bodies are always at the top of their list: the Supreme Court, the armed forces, and the Federal Reserve System. All three have one thing in common: they are insulated from the public pressures and operate undemocratically. It would seem that Americans admire these institutions, precisely because they lead rather than follow.

  Fareed Zakaria

  Three, Body, Pressure

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• The distribution of troops devoted to the defence of a place includes a garrison, an occupying force, numerically as weak as possible; a reserve as strong as possible, designed for counterattacking and for providing itself, at the moment it goes into action, with a security service which will guard it from any possible surprise.

  Ferdinand Foch

  Strong, Troops, Action

  Ferdinand Foch (1920). “The Principles of War”

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• What initially attracted me to The Seventh Seal was that it had values and characteristics which I was familiar with in other art forms, most notably, the European novel and certain forms on English drama, and indeed, in relation to my rather academic interest in history -- not "history" in the normal sense, but history as a form of entertainment . It might be a very unfashionable view but I believe that history is an amazing bank or reserve area of plots, characterisations, extraordinary events, etc.

  Peter Greenaway

  Art, Drama, Believe

  Interview in Art and Design, no. 49,

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• The tenth amendment said the federal government is supposed to only have powers that were explicitly given in the Constitution. I think the federal government's gone way beyond that. The Constitution never said that you could have a Federal Reserve that would have $2.8 trillion in assets. We've gotten out of control.

  David Malpass

  Thinking, Government, Gone

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• Any money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.

  John Stossel

  Real, Cancer, Moving

  "Arrogant Conceit". townhall.com. December 24, 2008.

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• It is not wise for us to permit a few people on the Federal Reserve Board to have life and death power over our economy. My recommendation for reducing some of that power is to repeal legal tender laws and eliminate all taxes on gold, silver and platinum transactions. That way there would be money substitutes and the government money monopoly would be reduced and hence the ability to tax - some people would say steal from - us through inflation.

  Walter E. Williams

  Wise, Law, Government

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• I was still very hopeful that much work lay ahead of me. Perhaps because much of what I had worked on or thought about had not yet been put into writing, I felt I still had things in reserve. Given this optimistic nature, I feel this way even now when I am past sixty.

  Stanislaw Ulam

  Writing, Optimistic, Past

  "Adventures of a Mathematician" by Stanislaw Ulam, Third Edition, (p. 208), 1991.

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• We as young men need just one of our peers to stand up and trust his God completely and without reserve. We need just one who will start climbing the rugged mountain cliffs in the direction of his King. We need just one to hear the call of the wild, to charge the fields of Bannockburn and fight for something that really matters. I appeal to you, as a young man, to consider that throughout history, it has often been when one young man stood up to be counted that the course of a nation was forever altered.

  Eric Ludy

  Kings, Fighting, Men

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• A great reserve and severity of manners are necessary for the command of those who are older than ourselves.

  Napoleon Bonaparte

  Manners, Command, Severity

  "Political Aphorisms, Moral and Philosophical Thoughts" collected and published by Cte. A. G. de Liancourt; edited by James Alexander Manning, 1848.

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• History has recorded nothing so dramatic in design, nor so skillfully manipulated, as this attempt to create the National Reserve Association, or the Federal Reserve.

  Charles Lindbergh

  Design, Association, Dramatic

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• Let us seek to fathom those things that are fathomable and reserve those things which are unfathomable for reverence in quietude.

  Johann Wolfgang von Goethe

  Reverence, Fathom, Unfathomable

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