“Our policy is directed not against any country or doctrine but against hunger, poverty, desperation and chaos. Its purpose should be the revival of a working economy in the world so as to permit the emergence of political and social conditions in which free institutions can exist.” WorldShouldCountryPoliticalPurposeSocialPovertyEconomyConditionsPolicyInstitutionsChaosHungerDoctrinePermitDesperationRevivalEmergenceEnding PovertySocial ConditionsHunger Poverty Author:George C. Marshall
“Libraries have a special role to play in our knowledge economy. Your institutions have been and should be a place where parents and children come to read together and learn together. We should take our kids there more.” ShouldChildrenHas BeensPlayKidsTogetherParentRolesEconomySpecialInstitutionsLibraryChildren And Parents Author:Barack Obama
“Ever since its founding in 1913, the Fed has described itself as an "independent" agency operated by selfless public servants striving to "fine-tune" the economy through monetary policy. In reality, however, a non-political governmental institution is as likely as a barking cat.” RealityPoliticalLibertyEconomyPolicyFineEconomicsCatIndependentInstitutionsStriveLibertarianServantAgencyTunesFedsSelflessLibertarianismFoundingMonetaryPublic ServantsMonetary PolicyNon Political Author:Thomas DiLorenzo
“Men who cannot exploit the co-operative benefits derived from institutions in modern knowledge economies are discriminated against by girls and so have fewer children” MenChildrenGirlEconomyModernBenefitsEconomicsInstitutionsFewerExploits Author:Christopher Wills
“The accepted ideas of any period are singularly those that serve the dominant economic interest...What economists believe and teach, whether in the United States or in the Soviet Union, is rarely hostile to the institutions - the private business enterprise, the Communist Party - that reflect the dominant economic power. Not to notice this takes effort, although many succeed.” BelieveIdeasStatesInterestUnitedPartyEffortTeachUnited StatesEconomyEconomicPeriodsSucceedInstitutionsUnionsAcceptedEnterpriseCommunistSovietDominantEconomistSoviet UnionHostileGlobal EconomyCommunist PartyEconomic Power Author:John Kenneth Galbraith
“First reason is, it's not authorized in the Constitution, it's an illegal institution. The second reason, it's an immoral institution, because we have delivered to a secretive body the privilege of creating money out of thin air; if you or I did it, we'd be called counterfeiters, so why have we legalized counterfeiting? But the economic reasons are overwhelming: the Federal Reserve is the creature that destroys value.” IfsFirstsReasonBodyValuesMoneyEconomyAirEconomicCreaturesCreatingEconomicsConstitutionInstitutionsPrivilegeIllegalOverwhelmingReservesImmoralFederal ReserveSecretiveThin Air Author:Ron Paul
“In a world of businessmen and financial intermediaries who aggressively seek profit, innovators will always outpace regulators; the authorities cannot prevent changes in the structure of portfolios from occurring. What they can do is keep the asset-equity ratio of banks within bounds by setting equity-absorption ratios for various types of assets. If the authorities constrain banks and are aware of the activities of fringe banks and other financial institutions, they are in a better position to attenuate the disruptive expansionary tendencies of our economy.” IfsWorldCan DoEconomyPositionTypeActivityAuthorityInstitutionsStructureBoundsFinancialProfitVariousSettingTendenciesSettingsAssetsBusinessmanEquityFringeInnovatorsRatiosDisruptivePortfoliosAbsorptionRegulatorsConstrainFinancial Institutions Author:Hyman Minsky
“A few months ago people were talking about seeing the light at the end of the tunnel. Now the only hope is keeping the world economy from total deterioration. And you get a sense that it is all now truly left to Adam Smith's invisible hand--it's beyond any country's ability, and institution's ability to control.” PeopleWorldEndsCountryHandsLightLeftAbilityTalkingEconomySeeingMonthsInstitutionsInvisibleAdamTunnelsWorld EconomyDeteriorationLight At The End Of The TunnelEnd Of The TunnelInvisible HandSeeing The Light Author:Jeffrey Garten
“In a small Swiss city sits an international organization so obscure and secretive... Control of the institution, the Bank for International Settlements, lies with some of the world's most powerful and least visible men: the heads of 32 central banks, officials able to shift billions of dollars and alter the course of economies at the stroke of a pen.” MenWorldAbleLyingCoursesMoneyPowerfulCitiesEconomyDemocracyOrganizationInstitutionsDollarsInternationalBillionsOfficialsVisibleMost PowerfulPensStrokesObscureNew World OrderSettlementSwissCentral BanksSecretive Author:Keith Bradsher
“Ive been involved with Carnegie Hall for the last 13 years, and Chairman for the last six. I feel really good about what weve done growing our educational programs there, building a board that has made Carnegie Hall really a world-class institution.” WorldFeelsYearsMadeDoneLastsClassEconomyGrowingBuildingInvolvedSixProgramInstitutionsEducationalBoardsHallsChairmanWorld ClassCarnegieCarnegie HallEducational Programs Author:Sanford I. Weill