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Quote by Charles Koch

“If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles.”

Quote by Charles Koch

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Charles Koch
Charles Koch

Charles Koch is an American businessman, born on November 1, 1935. He is the founder and CEO of Koch Industries, one of the largest private companies in the United States. Koch Industries operates in various industries, including oil, chemicals, and forest products, and is one of the largest private companies in the world. Koch has achieved great success in the business world, but is also a controversial political donor. more

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I CanHappensRunningPolicyIndustryDemandHundredDown AndPressesStoresBillionsFedsChocolatePrintMakersCravingPrintingMonetaryPrinting PressMonetary PolicyCocoaPrinting Money
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“We create these boom-bust cycles by manipulating the money supply and the interest rates and directing it where it went in. And that is what happened with housing: pushed into housing combination of easy money plus all the regulations, and we created this boom-bust cycle, and corruption, because corruption goes with it, because you don't have the same discipline. So we've got to stop all that.”

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“Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing.”

BigsTogetherPoliticalPrinciplesTechnologyPiecesSeeingAreasInnovationYeahBig ThingsPolitical CorrectnessCorrectnessStagnationCombiningCronyism
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“A lot of what is done by the climate lobby is anti-science. But there is some science behind it. Like, there are greenhouse gases, and they do contribute to warming. But if you look at the last, say, 160 years, the first 80 of that period, they went up about four-tenths of a degree. And now, the second 80 that CO2 has increased by, what, 30 percent or something, it's gone up five-tenths of a degree. And there's been in the last 30 or 40 years, there's been no real increase in storms or bad weather.”

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