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Monetary Quotes

Browse 289 quotes about Monetary.

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Monetary Quotes

“I have long been in favor of a balanced budget restriction at the level of the federal government of the United States. Because the federal government has money-creating powers it can, in fact, be very damaging if it runs a series of budget deficits. With the state government in the United States, they don't have money-creating powers. The automatic discipline imposed by the fact that they are in a common monetary unit and don't have control over the money power means that the balanced budget restriction is less needed.”

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Author:James M. Buchanan
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“Let's say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this craving, but I can't afford it, so I get a printing press, and I start printing money, and I print billions and billions to buy chocolate. So I create this boom in the chocolate industry, so stores are running out of chocolate. So they have demand, so chocolate makers expand. Cocoa growers expand. You create this great boom. But now the feds arrest me and shut me down. And now there is a depression in the chocolate industry. That's what happens with the monetary policy.”

I CanHappensRunningPolicyIndustryDemandHundredDown AndPressesStoresBillionsFedsChocolatePrintMakersCravingPrintingMonetaryPrinting PressMonetary PolicyCocoaPrinting Money
Author:Charles Koch
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“Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.”

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Author:Mark Zandi
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“The classics of Marxism talked of communism as a society to which a modern society should aspire, a society truly fair, where the relations of monetary exchange were not the priority but one wher the people's needs could be satisfied, and where people would not be worth more according to how much monetary wealth they acquired. Instead their value would be based on their contribution to society as a whole. It would be a society without class that would accept people based on their capabilities and their potential to contribute to that society.”

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Author:Alejandro Castro Espin
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“Britain is not part of the single currency. That is a decision we have taken, a voluntary decision of this country, but as a result are part of a European Union 19 of whose members are rapidly integrating, creating political, fiscal, monetary, economic union to make their currency work. And that is increasingly rubbing up against the operation.”

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Author:George Osborne
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“The problem is that people really just don't care and they have been "educated" not to care about the monetary system: that it's boring, it's difficult to understand, we need to have high minded people like "Greenscum" and Bernanke to do things like this (and don't forget Volcker, there's the whole cast of them). The thing is that people have been educated or miseducated or brainwashed into believing that this is wayyyy too complicated for regular people to understand and that we need to let PhD economists guide us along in terms of what's right... and that's all bull.”

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Author:Bernard von NotHaus
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“Currently, the United States has troops in dozens of countries and is actively fighting in Iraq, Syria, Libya, and Yemen (with the occasional drone strike in Pakistan). In addition, the United States is pledged to defend 28 countries in NATO. It is unwise to expand the monetary and military obligations of the United States given the burden of our $20 trillion debt.”

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Author:Rand Paul
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“What you should be in a rush for isn't necessarily the immediate monetary return, but it's to know that this equation existing between an employee and a company is being honored. What's the equation? I'm going to give you my most precious thing that I have - my time and my reputation. That's what the employee says. And the company says I'm going to take your time and your reputation and direct it at things that we believe collectively have a huge impact opportunity to do something extremely positive. And that positivity will get measured in impact and also economic upside.”

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Author:Chamath Palihapitiya
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“A lot of joblessness in the black community doesn't seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery. Employers would rather not hire a lot of workers from the inner city. They feel people from the inner city are not job-ready, that the kids have been poorly educated, that they can't read, they can't write, they can't speak.”

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Author:William Julius Wilson
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“Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.”

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Author:Ben Bernanke
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“Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is other currency. Most countries hold reserves and the reserves are other currencies. If you are a backing up the euro with the dollar, what's backing up the dollar? I don't think it is going to go to a point where all you have is coins and bars of gold, but I do think that we are going to have to go back to a monetary system based in gold, not based on paper.”

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Author:Peter Schiff
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“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.”

BelievePoliticalPoliticsNamesPrinciplesPovertyDangerousStandingArmyPaidDebtSpendingScalesAfterlifeEstablishmentBankingSincerelyPosterityFundingBankersMonetaryFederal ReserveCentral BanksLarge ScaleSpending MoneyBanking SystemMonetary SystemSystems Of GovernmentRevolution Founding FathersBankers And BanksCentral BankingPaper MoneyBanks And MoneyDeficit SpendingDebt By Founding FathersGovernment DebtSwindlingGovernment Funding
Book:Memoir, Correspondence, and Miscellanies: From the Papers of Thomas Jefferson
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“Goodness is weakness, pleasantness is poisonous, serenity is mediocrity and kindness is for losers. The best reason for committing loathsome and detestable acts – and let’s face it, I am considered something of an expert in this field – is purely for their own sake. Monetary gain is all very well, but it dilutes the taste of wickedness to a lower level that is obtainable by almost anyone with an overdeveloped sense of avarice. True and baseless evil is as rare as the purest good.”

WellsReasonFacesEvilLevelsKindnessFieldsTasteGoodnessWeaknessGainsSakeExpertsLoserMediocritySerenityWickednessAvariceMonetaryPoisonous
Author:Jasper Fforde
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“The basic prescription for preventing deflation is therefore straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.”

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Author:Ben Bernanke
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“What's happening is there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the people who get to use the money first, which is created by the Federal Reserve System, benefit, so the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.”

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Author:Ron Paul
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“One of the worst forms of mental suffering is boredom, not knowing what to do with oneself and one's life. Even if man had no monetary, or any other reward, he would be eager to spend his energy in some meaningful way because he could not stand the boredom which inactivity produces.”

IfsMenWayWould BeFormSufferingEnergyKnowingWorstProduceRewardsOneselfMeaningfulBoredomNot KnowingMonetaryInactivityKnowing What To Do
Book:The Sane Society
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“You have to choose between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the government. And, with due respect to these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold.”

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Author:George Bernard Shaw
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“A power has risen up in the government greater than the people themselves, consisting of many and various powerful interests, combined in one mass, and held together by the cohesive power of the vast surplus in banks.”

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Book:The Works of John C. Calhoun Volume 2
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“The Trilateralist Commission is international...(and)...is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateralist Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power - political, monetary, intellectual, and ecclesiastical.”

StatesGovernmentPoliticalOrderInterestUnitedEffortLibertyUnited StatesFourEconomicIntellectualInternationalNew WorldConspiracyElitesVehicleBankingMonetaryNew World OrderWorld OrderSkillfulConspiracy TheoryWorld GovernmentNwoMultinationalsSeizingOne World GovernmentNew GovernmentConsolidationControlling Government
Author:Barry Goldwater
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“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
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“...monetary exchanges have interesting things in common; Gresham's law, if true, says what one of these interesting things is. But what is interesting about monetary exchanges is surely not their commonalities under physical description. A natural kind like a monetary exchange could turn out to be co-extensive with a physical natural kind; but if it did, that would be an accident on a cosmic scale.”

IfsMindKindWould BeLawTurnsNaturalInterestingCommonKnowledgeAccidentsScalesDescriptionCosmicInteresting ThingsMonetaryCommonality
Author:Jerry Fodor
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“We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power. Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down.”

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Author:Ron Paul
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