“I think the funds that have been pledged at Euro Summit combined with the outcome of the private sector involvement process should be sufficient in order to support financially the Greek economy.” ThinkingShouldHas BeensOrderProcessSupportEconomyGreekOutcomesSufficientFundSummitInvolvementPrivate SectorEuro Author:Lucas Papademos
“If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities ? if they can't in the U.S., they go abroad. That could add additional risks to the global economy.” IfsWantStatesCertainUnitedTalkingUnited StatesEconomyRiskSecurityStandardsAddLondonBuyingFundInvestorsRegulationMore MoneyRequirementsBankingMarginsGlobal EconomyHedge Fund Author:Muriel Siebert
“A file-sharing service and a hedge fund are essentially the same things. In both cases, there's this idea that whoever has the biggest computer can analyze everyone else to their advantage and concentrate wealth and power. It's shrinking the overall economy. I think it's the mistake of our age.” ThinkingIdeasAgeWealthMistakeCasesEconomyComputerAdvantageFundFilesShrinkingHedge FundFile Sharing Author:Jaron Lanier
“Every effort therefore must be made to perpetuate prosperity. And, since that is to the advantage of the rich as well as the poor, all that accrues from the revenues should be collected into a single fund and distributed in block grants to those in need, if possible in lump sums large enough for the acquisition of a small piece of land, but if not, enough to start a business, or work in agriculture. And if that cannot be done for all, the distribution might be by tribes or some other division each in turn.” IfsNeedsShouldWellsMadeDoneEnoughMightTurnsPoliticsPoorEffortEconomyRichPiecesLandAdvantageProsperityBlockLiberalismFundGrantsDivisionAgricultureTribesDistributionRevenueAcquisitionLumpsThose In NeedSmall Pieces Author:Aristotle
“There is the general belief that the corporation income tax is a tax on the "rich" and on the "fat cats." But with pension funds owning 30% of American large business-and soon to own 50%-the corporation income tax, in effect, eases the load on those in top income brackets and penalizes the beneficiaries of pension funds.” WisdomPoliticsBeliefEconomyRichEffectsTaxesCatIncomeFatsEaseCorporationsLiberalismFundLoadIncome TaxPensionBeneficiariesBrackets Author:Peter Drucker
“The purpose of finance is to enable business to acquire the ownership of capital instruments before it has saved the funds to buy and pay for them. The logic used by business in investing is things that will pay for themselves is not today available to the 95% born without capital. Most of us owe instead of own. And the less the economy needs our labor, the less able we are to "save" our way to capital ownership.” WayNeedsWisdomTodayAbleUsedPurposePoliticsBornPayEconomyLaborLogicInstrumentsInvestingAvailableSavedFinanceLiberalismAcquireFundOwnership Author:Louis O. Kelso
“In the first place, it is obvious that not only is wealth concentrated in our times but an immense power and despotic economic dictatorship is consolidated in the hands of a few, who often are not owners but only the trustees and managing directors of invested funds which they administer according to their own arbitrary will and pleasure. This dictatorship is being most forcibly exercised by those who, since they hold the money and completely control it, control credit also and rule the lending of money.” FirstsHandsPoliticsWealthPleasureEconomyEconomicDirectorsObviousCreditOur TimeLiberalismOwnersFundImmenseDictatorshipArbitraryLendingTrustees Author:Pope Pius XI
“The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.” TodayPoliticsEconomyDemandFlowExcellenceProducersSavingAgentsLiberalismFundCapitalistReservesReplacedCommoditySavingsBankersPurchasingPurchasing PowerMiddlemen Book:The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle Source: The Theory of Economic Development: An Inquiry into Profits, Capital, Credit, Interest, and the Business Cycle
“Because of the oil-and-water relationship governments have cultivated between ethics and political economy, speaking in plain terms - spelling it out as it is - as become foreign to the public. So here goes: When government sports a surplus, this implies that the political pickpockets have stolen more funds than they can possibly dream of spending. The property is not theirs to keep! Conversely, when deficits are reported, this means that the kleptomaniacs have not been able to steal sufficient funds to cover their profligacy.” MeanDreamGovernmentAblePoliticalPoliticsSportsTermWaterEconomyEthicsPropertySpendingOilStealingSufficientFundStolenDeficitSpellingSurplusPolitical EconomyOil And Water Author:Ilana Mercer
“You cannot carry on forever squeezing the productive bit of the economy in order to fund an unprecedented engorgement of the unproductive bit.” OrderBitsEconomyForeverProductiveFundUnprecedentedSqueezingUnproductive Author:Daniel Hannan
“Before the 1970s, banks were banks. They did what banks were supposed to do in a state capitalist economy: they took unused funds from your bank account, for example, and transferred them to some potentially useful purpose like helping a family buy a home or send a kid to college.” StatesHelpingHomeKidsPurposeEconomyExampleCollegeAccountsFundCapitalistBank AccountsCapitalist Economy Author:Noam Chomsky
“The world economy is more stable than for a generation ... Our hugely sophisticated financial markets match funds with ideas better than ever before.” WorldIdeasEconomyGenerationsFinancialFundStableSophisticatedFinancial MarketsWorld Economy Author:David Cameron