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Economic Quotes

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Economic Quotes

“Money is not an invention of the state. It is not the product of a legislative act. Even the sanction of political authority is not necessary for its existence. Certain commodities came to be money quite naturally, as the result of economic relationships that were independent of the power of the state.”

“As a prisoner of conscience committed to peaceful transition to democracy, I urge Europe to apply economic sanctions against Ethiopia. What short-term pain may result will be compensated by long-term gain. A pledge to re-engage energetically with a democratic Ethiopia would act as a catalyst for reform.”

“The question was never whether the United States, E.U., NATO, Arab League, U.N. Security Council, and African Union could together using economic sanctions, diplomatic pressure, and military attacks to bring Qaddafi down. The question was always how much time, how much blood, and what damage to NATO.”