“Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.” CountryTodayMovementBalanceSixtyReservesDeficitPaymentSurplus Author:Robert C. Solomon
“So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.” IfsBalanceCurrencyReservesDeficitPaymentEuro Author:Robert C. Solomon
“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.” GovernmentRunningProcessEconomyBalanceCircumstancesPressureEtcMore MoneyReservesSevereTaxationInflationDeficitPaymentMonetaryBorrowingFinancing Author:John James Cowperthwaite
“One of the most insidious consequences of the present burden of personal income tax is that it strips many middle class families of financial reserves & seems to lend support to campaigns for socialized medicine, socialized housing, socialized food, socialized every thing. The personal income tax has made the individual vastly more dependent on the State & more avid for state hand-outs. It has shifted the balance in America from an individual-centered to a State-centered economic & social system.” MadeStatesHandsSeemsAmericaIndividualSocialClassSupportEconomicMiddleBalanceTaxesConsequenceMedicineFinancialBurdenCampaignsIncomeDependentMiddle ClassReservesHousingIncome TaxInsidiousSocial SystemsAvidMiddle Class FamilySocialized Medicine Author:William Henry Chamberlin
“Always the path of American destiny has been into the unknown. Always there arose enough reserves of strength, balances of sanity, portions of wisdom to carry the nation through to a fresh start with ever-renewing vitality.” Has BeensEnoughAmericaNationsDestinyPathBalanceSanityPortionsReservesVitalityFresh Start Author:Carl Sandburg
“Like the characters in Chekhov, they have no reserves -– you learn the most intimate secrets. You get an impression of a world peopled by eccentrics, of odd professions, almost incredible stupidities, and, to balance them, amazing endurances.” WorldCharacterSecretBalanceIncrediblesStupidityProfessionImpressionOddIntimateReservesChekhov Book:Another Mexico Source: Another Mexico
“Every man is prompted by the love of himself to imagine that he possesses some qualities, superior, either in kind or degree, to those which he sees allotted to the rest of the world; and, whatever apparent disadvantages he may suffer in the comparison with others, he has some invisible distinctions, some latent reserve of excellence, which he throws into the balance, and by which he generally fancies that it is turned in his favour.” MenWorldKindMaySufferingQualityImagineBalanceDegreesExcellenceEvery ManInvisibleSuperiorsFancyDistinctionComparisonImagine ThatReservesFavourDisadvantagesLatent Book:Samuel Johnson: Selected Writings Source: Samuel Johnson: Selected Writings
“The American servicemen and women of the Guard and Reserve leave their jobs, their spouses and their children to wear the uniform that defends our country. This selfless commitment should be honored by businesses across Massachusetts as we work to ensure they are treated fairly while they balance their employment responsibilities and obligations to the armed services. No business should ever put the bottom line ahead of America's front line.” ShouldChildrenCountryJobsAmericaLinesResponsibilityFrontsBalanceMen And WomenCommitmentBottomObligationTreatedOur CountryEmploymentSelflessReservesUniformsSpouseHonoredBottom LineMassachusettsServicemenArmed Services Author:Mitt Romney
“The problems of 2008 were never cured. The Federal Reserve's solution to the crisis was to lend the economy enough money to borrow its way out of debt. It thought that if it could subsidize banks lending homeowners enough money to buy houses from people who are defaulting, then the bank balance sheets would end up okay.” PeopleIfsWayEndsEnoughProblemHouseEconomyBalanceSolutionsOkayCrisisDebtReservesSheetsLendingFederal ReserveBalance SheetsHomeowners Author:Michael Hudson