Monetary Quotes

The great free nations of the world must take control of our monetary problems if these problems are not to take control of us. ~ John F. Kennedy

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future. ~ Li Keqiang

The case for trade is not just monetary, but moral. Economic freedom creates habits of liberty. And habits of liberty create expectations of democracy. ~ George W. Bush

Today we are again witnessing the emergence of transnational elites ... [Whose] ties cut across national boundaries ... It is likely that before long the social elites of most of the more advanced countries will be highly internationalist or globalist in spirit and outlook ... The nation-state is gradually yielding its sovereignty ... Further progress will require greater American sacrifices. More intensive efforts to shape a new world monetary structure will have to be undertaken, with some consequent risk to the present relatively favorable American position. ~ Zbigniew Brzezinski

I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise. ~ Nouriel Roubini

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

The error in this conclusion may be most simply demonstrated by means of an actual example. Let us select for this purpose the monetary history of Austria, which Laughlin also uses as an illustration. From 1859 onwards the Austrian National Bank was released from the obligation to convert its notes on demand into silver, and nobody could tell when the State paper-money issued in 1866 would be redeemed, or even if it would be redeemed at all. It was not until the later 'nineties that the transition to metallic money was completed by the actual resumption of cash payments on the part of the Austro-Hungarian Bank. ~ Ludwig Von Mises

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

The monetary union tries to handle two groups of countries which differ greatly in terms of economic culture. First, the North-West European countries [ ... ] which aspiring to rules and discipline, and the Mediterranean countries [ ... ] which aspiring political solutions to economic problems. The first group [ ... ] aspires to solidity, the second group aspires solidarity, that is to say; other people's money. ~ Frits Bolkestein

In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total. ~ G. Edward Griffin

What I don't like is what it sometimes takes to win. Backstabbing. Manipulation. Out-and-out bribery once in a while, and not always the monetary kind. ~ Ellen Hopkins

I'm a firm believer in the monetary union. ~ Wolfgang Schauble

A good monetary policy follows inflationary expectations and not historical numbers. ~ Adi Godrej

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

And still, the best of us build, and reach monetary gains. Some of us kill, but still, most of us can change. ~ Tupac Shakur

Oxytocin infusion increases generosity in unilateral monetary transfers by 80 percent [and] increases donations to charity by 50 percent. ~ Paul J. Zak

People say that the monetary system produces incentive. This may be true in limited areas, but it also produces greed, embezzlement, corruption, pollution, jealousy, anger, crime, war, poverty, tremendous scarcity, and unnecessary human suffering. You have to look at the entire picture. ~ Jacque Fresco

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The New World Order is the outward goal and we are the secret behind the power government in the world. Many pseudo-entertainers are aware of Illuminati legends and work those symbols and myths into their acts to fuel further speculation. Supporters of this idea say organizations like the United Nations, European Union, the World Health Organization, the World Bank, International Monetary Fund, G-20 Economic Group, the World Court, NATO, Council on Foreign Relations, World Council of Churches and various multinational corporations are pawns of the New World Order, driving the world closer and closer to this socialist,one-economy, one-future religion.you can visit on our members page,lodge,Temple. join today and enjoy ~ Harry Potter

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

If you make people uniform, you can control them. If you teach people to read, and think, and question things, you lose control. So, the best idea is to separate people if you wish to maintain a monetary system. It's called divide and conquer. By dividing people, they're not a threat, you can control them. ~ Jacque Fresco

China uses about half of the world's cement for its new roads and buildings.
According to the World Bank in 2007, China had 16 of the world's 20 most polluted cities.
One day in January 2013, the air pollution index in Beijing was 755 - measured on a scale of 0 to 500!
In late 2012, 16,000 dead pigs were found floating in the river that supplies water to
Shanghai, the PRC's largest city.
For 2010, a ministry of the Chinese government estimated the monetary cost of the environmental damage caused by rapid industrialization at $230 billion, which is 3.5 percent of China's gross domestic product.
Air pollution from Chinese factories wafts over to the Koreas and Japan. Sometimes, upper atmospheric winds carry the sulphur dioxide from China's coal-burning clear over to North America's west coast. ~ James Peoples

I hope we shall ... crush in it's birth the aristocracy of our monied corporations which dare already to challenge our government to a trial of strength, and to bid defiance to the laws of their country. ~ Thomas Jefferson

You don't need to thank me. I take care of the people I love. It's ingrained in me to be a protector, and I happen to love you very much, so my services are all yours."
He smiles again.
"Everything I have is yours, my heart, my home. I know I'm not a millionaire or anything, but I promise you, absolutely nobody will ever love you as much as I do. There is no object, no monetary amount, that signifies my love for you. There are no limits on the hell I'd walk through to make sure you were happy. ~ Anna Brooks

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

My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy. ~ Henry Paulson

The privilege of creating and issuing money is not only the supreme prerogative of Government, but it is the Government's greatest creative opportunity. By the adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government. Money will cease to be the master and become the servant of humanity. Democracy will rise superior to the money power. ~ Abraham Lincoln

At the time, my personal research objectives were to provide Keynesian economics with more rigorous foundations and to tighten and elaborate the logic of macroeconomic and monetary theory. ~ James Tobin

I find that many entrepreneurs are trying to do everything when it would be cheaper and more time-efficient to delegate, even if there are monetary costs associated with that. ~ James Altucher

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do. ~ Milton Friedman

It's unavoidable: so long as we value money more highly than living beings and more highly than relationships, we will continue to see living beings as resources, and convert them to cash; objectifying, killing, extirpating. This is true whether we're talking about fish, fur-bearing mammals, Indians, day-laborers, and so on. If monetary value is attached to something it will be exploited until it's gone. ~ Derrick Jensen

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

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

Restrictionistic ideas have never met with any measure of popular sympathy except after a time of monetary depreciation when it has been necessary to decide what should take the place of the abandoned inflationary policy. ~ Ludwig Von Mises

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

What economic calculation requires is a monetary system whose functioning is not sabotaged by government interference. ~ Ludwig Von Mises

Always use $$$ where possible Using a monetary value is always the best way to hold your audience's attention and have them remember the KPI. ~ Brian Clifton

As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past. ~ Timothy Geithner

Paper money eventually returns to its intrinsic value - zero. ~ Voltaire

While boasting of our noble deeds we're careful to conceal
the ugly fact that by an iniquitous money system we have
nationalized a system of oppression which, though more refined,
is not less cruel than the old system of chattel slavery. ~ Horace Greeley

Look. I'm your expert consultant for a rather pathetic monetary wage, and under that agreement I have the option of selecting a technical assistant. He's mine."

She blew out a breath, paced to the window. Paced back. "Not just yours. It makes him mine, too. I don't know how to deal with a teenaged type person."

"Ah, well, I'd say you'd deal with him as you deal with everyone else. You order him around, and if he argues or doesn't jump quickly enough you freeze his blood with one of those vicious looks you're so good at and verbally abuse him. It always works so well for you."

"You think so?"

"There, see." He cupped her chin. "There it is now. I can actually feel my blood running cold. ~ J.D. Robb

Of course, women are capable of all sorts of major unpleasantness, and there are violent crimes by women, but the so-called war of the sexes is extraordinarily lopsided when it comes to actual violence. Unlike the last (male) head of the International Monetary Fund, the current (female) head is not going to assault an employee at a luxury hotel; top-ranking female officers in the US military, unlike their male counterparts, are not accused of any sexual assaults; and young female athletes, unlike those male football players in Steubenville, aren't likely to urinate on unconscious boys, let alone violate them and boast about it in YouTube videos and Twitter feeds. No female bus riders in India have ganged up to sexually assault a man so badly he dies of his injuries, nor are marauding packs of women terrorizing men in Cairo's Tahrir Square, and there's no maternal equivalent to the 11 percent of rapes that are by fathers or stepfathers. ~ Rebecca Solnit

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There is a strange idea abroad, 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. The banker is not giving something for nothing. ~ Henry Hazlitt

Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money. ~ Daniel Webster

The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy. ~ Milton Friedman

We begin with the proposition that capitalism is not chiefly an incentive system but an information system. We continue with the recognition, explained by the most powerful science of the epoch, that information is best defined as surprised-what we cannot predict rather than what we can. The key to economic growth is not acquisition of things by the pursuit of monetary rewards but the expansion of wealth through learning and discovery. ~ George Gilder

Large numbers of under-capitalized banks were a recipe for financial instability, and panics were a regular feature of American economic life - most spectacularly in the Great Depression, when a major banking crisis was exacerbated rather than mitigated by a monetary authority that had been operational for little more than fifteen years. ~ Niall Ferguson

PARTY OF NO? How about a No Party System? Using No electoral college, No gerrymandering and No private monetary contributions. No? ~ Leland Lewis

War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America. ~ Murray Rothbard

The collapse of an inflation policy carried to its extreme
as in the United States in 1781 and in France in 1796
does not destroy the monetary system, but only the credit money or fiat money of the State that has overestimated the effectiveness of its own policy. The collapse emancipates commerce from etatism and establishes metallic money again. ~ Ludwig Von Mises

I understand that it's disheartening to pour effort and money into a work of art and find that others do not value it with the same intensity. I've been to this rodeo more than a few times, and yes, it's painful and hard on the soul. It is also the sort of thing that grown-ups do every day. Anyone deluded enough to think they are owed monetary success because they bled for their art is in for some hard, hard knocks and buckets full of tears. There will be many cries of "unfair" and much jealousy and hatred. And to be fair, all authors go through this every time they watch their books ride the waves of bestseller charts and the ego torture chamber known as Goodreads reviews. Even the most well-adjusted of us watch that horrible piece of shit book beat our baby to pieces and gnash our teeth and shout at our monitors demanding to know what brain-donors are shopping on amazon.com these days.

But holy Smart Bitch on a cracker, Batman, to write a post about how stupid readers are and worse to actually put it out there on the internet is so beyond the pale there's a special hell for that kind of idiocy. Let me repeat: authors exist at the pleasure of readers. Without the people who buy and read my books, I am just another dizzy broad writing shit down. Readers aren't just an author's audience; they are her lifeblood.
-- ~ Heidi Cullinan

Deficit spending is simply a scheme for the 'hidden' confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. ~ Alan Greenspan

For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the Obama years will not inflate our way out of it. ~ Ron Paul

Look at any financial institution, at any bank. They're all photocopies of each other. There's no diversity of institutions and even less diversity of currency. Therefore, just as you say its very logical that an ecosystem like this will collapse, it's very predictable a monetary system like this will collapse, too. And it hasn't finished collapsing, by the way. ~ Bernard Lietaer

The way forward is for governments to consciously pursue monetary and fiscal stability through setting clear objectives, establishing proper rules, and requiring openness and transparency - the new rules of the game. ~ Gordon Brown

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. ~ Henry Ford

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

We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power. Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down. ~ Ron Paul

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

How hard did the different groups work? In line with the ethos of market norms, those who received five dollars dragged on average 159 circles, and those who received 50 cents dragged on average 101 circles. As expected, more money caused our participants to be more motivated and work harder (by about 50 percent). What about the condition with no money? Did these participants work less than the ones who got the low monetary payment - or, in the absence of money, did they apply social norms to the situation and work harder? The results showed that on average they dragged 168 circles, much more than those who were paid 50 cents, and just slightly more than those who were paid five dollars. In ~ Dan Ariely

First, I think the science of monetary economics has clearly gotten better. ~ Martin Feldstein

One who does a thing in order to avoid a monetary penalty does not agree; he yields to compulsion precisely the same as though he did so to avoid a term in jail."

[Justice George Sutherland, in the majority opinion for the Carter Coal case] ~ George Sutherland

In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade. ~ Evan Davis

The heart of the matter is that the very nature of the European Union, and of this country's relationship with it, has fundamentally changed after the coming into being of the European monetary union and the creation of the eurozone, of which - quite rightly - we are not a part. ~ Nigel Lawson

There is no legislation
I care not what it is
tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan. ~ William Howard Taft

My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers. Fortunately, for me personally, that conclusion has had no practical impact, else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honored to receive. ~ Milton Friedman

I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news. ~ Tim Harford

Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students. ~ Tim Harford

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy. ~ Marek Belka

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.

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

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

The euro is a vital issue for Germany. There is no other country that derives as much benefit from the common domestic market and the monetary union as Germany. ~ Peer Steinbruck

Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output. ~ Niall Ferguson

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

For my generation, the monetary union has always been about forging peace. ~ Jean-Claude Juncker

Though monetary compensation may never add up, teachers can rest assured that they are important. ~ Monica Johnson

A blind monetary pursuit invariably, essentially and eventually leads you to a downward path as a human. ~ Sandeep Sahajpal

Managing your money does not depend upon becoming wealthy or declaring vows of poverty. Rather, it is about creating stability and sufficiency - a balanced flow of monetary energy through your life. ~ Dan Millman

The university grounds are really beautiful. Universities always try that bullshit. They want you to think wonderful things are going on inside of them because the grounds are beautiful. In general, it is good to be suspicious of monetary displays. Large swaths of bright green well-watered grass
a thing like that is a huge lie. ~ Jesse Ball

The inside jokes have already dissolved into unordered words with no punchline. The gifts have been reduced to objects whose saving grace is their monetary value, no meaning and all function. There are photographs, somewhere, but I'm not the person posed in them anymore and whoever that is sitting next to me, all dressed up in your costume and wearing your mask, well, that's not you either. ~ Stephanie Georgopulos

effect the exchange of labor and services by means of an exchange of heartbeats. estimate every task in terms of heartbeats-the monetary unit of the future, in which all individuals are equally wealthy. take 365 times 317 as the median number of heartbeats in any twenty-four-hour period. ~ Velimir Khlebnikov

For complex reasons, our culture allows "economy" to mean only "money economy." It equates success and even goodness with monetary profit because it lacks any other standard of measurement. I am no economist, but I venture to suggest that one of the laws of such an economy is that a farmer is worth more dead than alive. A second law is that anything diseased is more profitable than anything that is healthy. What is wrong with us contributes more to the "gross national product" than what is right with us. ~ Wendell Berry

Riches are not only measure with monetary value. ~ Lailah Gifty Akita

In Star Wars, there was monetary confusion and competition. Despite being backed by metals, credits were refused by planets during periods of uncertainty, such as the Clone Wars. The credit was later known as the "Imperial Credit" and was used by Luke Skywalker to pay Han Solo for transport to the planet Alderaan. Yet smugglers avoided using state-sanctioned money and opted for precious metals like platinum. Those in the Ferengi Alliance traded gold-pressed latinum, a material that could not ~ Kabir Sehgal

Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tasks, if any, are more important to the champion of freedom than creation of a sound monetary system. ~ Hans F. Sennholz

[..] we human beings are ready and willing to steal something that does not explicitly reference monetary value - that is, something that lacks the face of a dead president. ~ Dan Ariely

If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy's greatest contribution to general economic prosperity and maximum employment. ~ Ben Bernanke

Love is not a feeling, but the characteristic of a productive relationship. Failing to understand this is our great error in a time when all of us are chasing love as a goal, but finding only an extraordinary lack of love, for which we then blame ourselves. Our misunderstanding of love continues to make this situation worse. A world in which love exists in fantasies but has no actual potency loses the ability to facilitate fair negotiations, bestow meaning, or produce anything other than purely monetary wealth. ~ Andreas Weber

In all the thrashing about that results from our dwindling gold reserves, it's about time that this country and other countries get some perspective on the situation. The day this country is out of the stuff, that day gold becomes what it's worth as a metal and no longer will have much significance as a monetary measurement. It isn't the gold we have that makes this nation rich. It's what we make, our knowhow, our productivity. So long as this country produces more and better, the world will continue to want what we make. ~ Malcolm Forbes

There is monetary value,
and there is sentimental value.
You tell me which is worth more,
and I will tell you what your heart is made of. ~ Richelle E. Goodrich

Monetary policy is not a panacea. ~ Ben Bernanke

Myth: Bernanke Fed is committed to stimulus until a recovery occurs. Fact: The current monetary policy assures further capital destruction ~ Ziad K. Abdelnour

I am shocked that Republicans can't explain why our technological and economic advantages are the result of sound monetary and economic policy. ~ Jack Kemp

Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult. ~ Ludwig Von Mises

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

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. ~ John Maynard Keynes

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

I sail through life with great trust in my heart. Whoever stains and breaks that trust will be in a cold water best left behind.
I felt the cold breeze of monetary means through the low ethics of money driven minds.
I securely docked in a shore I call home without the cloaks of dead winter I saw on people who have used me. ~ Angelica Hopes

The gift of faith given to your children will last longer than any monetary gift. ~ Eve M. Harrell