“Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.” PeopleThinkingWayWellsLongTurnsTalkingEconomyCuttingPolicyRateFedsStimulusBetter WaysMonetaryMonetary Policy Author:Franklin Raines
“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
“Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary system is a legal contrivance. Property, not money, is real wealth. It's physical, not legal.” RealProblemWisdomPoliticsWealthAnswersEconomyPropertyLiberalismDesksMonetaryMiltonMonetary SystemBunkReal Wealth Author:Louis O. Kelso
“There are many reasons why the general public doesn't really understand our monetary system. In the first place, money is something that people tend to get emotional about. After all, money involves, and always has involved, something closely akin to faith-which probably explains why in many past societies the money system has been in the hands of a priesthood, the subject of magical rites, and the ceremonial services of the tribe's medicine man.” PeopleMenFirstsHas BeensReasonWisdomHandsPastPoliticsEconomySubjectsEmotionalInvolvedMedicineReason WhyLiberalismTribesMonetaryPriesthoodRiteGeneral PublicMonetary System Author:Wright Patman
“The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation.” ActionEconomyPathRiskPolicyDemandPressureAbsenceInflationMomentumMonetaryOutputMonetary Policy Author:Ben Bernanke
“Without the parallel development of systems of monetary - and credit-based exchange - there could have been no development of economies beyond the most primitive organizational forms and the most geographically restricted sales.” Has BeensFormEconomyDevelopmentCreditPrimitiveParallelsCould Have BeenMonetaryOrganizational Author:Peter Dicken
“For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don't have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.” WantAbleEconomyPolicyCostAbsolutesIndependentTradeUnionsProfitZoneCurrencyReapMonetaryTransactionsEuroCentral BanksMonetary PolicyFrankfurt Author:Dalia Grybauskaite
“I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.” IfsEconomyPolicyAlways BelieveMonetaryMonetary PolicyFiscal Policy Author:Paul Krugman