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Monetary Quotes

Browse 289 quotes about Monetary.

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Monetary Quotes

“The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial markets and to an increasingly asset-dependent global economy.”

WorldEconomyDisciplineFinancialDependentAssetsStableGlobalizationMonetaryHallmarkGlobal EconomyCentral BanksFinancial Markets
Book:Stephen Roach on the Next Asia: Opportunities and Challenges for a New Globalization
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“For complex reasons, our culture allows "economy" to mean only "money economy." It equates success and even goodness with monetary profit because it lacks any other standard of measurement. I am no economist, but I venture to suggest that one of the laws of such an economy is that a farmer is worth more dead than alive. A second law is that anything diseased is more profitable than anything that is healthy. What is wrong with us contributes more to the "gross national product" than what is right with us.”

MeanReasonSuccessLawCultureEconomyAliveProductsHealthyGoodnessStandardsComplexesProfitFarmersVentureEconomistGrossProfitableMeasurementMonetaryDiseasedEconomic Globalization
Author:Wendell Berry
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“No duty is more imperative for the government than the duty it ;owes the people to furnish them with a sound and uniform currency, an of regulating the circulation of the medium of exchange so that labor will be protected from a vicious currency [private bank-created, interest-bearing debt], and commerce will be facilitated by cheap and safe exchanges.”

PeopleGovernmentSoundInterestDutySafeLaborDebtMediumsProtectedCommerceCurrencyUniformsViciousImperativesMonetaryCirculation
Author:Abraham Lincoln
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“The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use.”

PeopleNeedsMayMeanUseValuesIssuesPaperGoldBasesAvailableSilverSubstitutesPermitCurrencyVolumeCoinsInadequateMonetaryFluctuationIntrinsic ValueGold And Silver
Author:Abraham Lincoln
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“By adoption of these principles, the long-felt want for a uniform medium will be satisfied. The taxpayers will be saved immense sums of interest, discounts, and exchanges. The financing of all public enterprises, the maintenance of stable government and ordered progress, and the conduct of the Treasury will become matters of practical administration. The people can and will be furnished with a currency as safe as their own government.”

PeopleWantLongMatterGovernmentFeltInterestPrinciplesProgressSafeSavedPracticalsSatisfiedMediumsAdministrationEnterpriseStableImmenseCurrencyAdoptionUniformsTaxpayersMaintenanceMonetaryTreasuryFinancingDiscounts
Author:Abraham Lincoln
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“The money problem facing the country from 1789 to 1896 existed because Congress never exercised is authority to "coin money or regulate the value thereof" - but rather delegated that authority, sometimes by charter and sometimes by default, to the banking system. This despite the provision in the Constitution that charged Congress with the power to 'coin money, regulate the value thereof, and of foreign Coin, and fix the Standards of weight and Measures.'”

CountrySometimesProblemValuesAuthorityStandardsWeightConstitutionCongressDespiteCoinsBankingProvisionMonetaryDefaultCharterBanking SystemMoney Problem
Author:William Jennings Bryan
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“The concept of the public welfare is broad and inclusive ... the values it represents are spiritual as well as physical, aesthetic as well as monetary. It is within the power of the legislature to determine that the community should be beautiful as well as healthy, spacious as well as clean, well balanced as well as carefully patroled.”

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Author:William O. Douglas
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“We made a sacred covenant to follow the Creator's life plan at all times, which includes the responsibility of taking care of this land and life for His divine purpose. We have never made treaties with any foreign nation, including the United States, but for many centuries we have honored this Sacred Agreement. Our goals are not to gain political control, monetary wealth nor military power, but rather to pray and to promote the welfare of all living beings and to preserve the world in a natural way.”

WorldWayMadeStatesCarePoliticalPurposeNationsGoalNaturalWealthUnitedResponsibilityUnited StatesEnvironmentPlansLandCenturyMilitaryDivinePrayingGainsSacredIncludingCreatorAll TimePreservesWelfareAgreementHonoredCovenantTreatiesMonetaryMilitary PowerDivine Purpose
Author:Thomas Banyacya
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“And who can suffer injury by just taxation, impartial laws and the application of the Jeffersonian doctrine of equal rights to all and special privileges to none? Only those whose accumulations are stained with dishonesty and whose immoral methods have given them a distorted view of business, society and government. Accumulating by conscious frauds more money than they can use upon themselves, wisely distribute or safely leave to their children, these denounce as public enemies all who question their methods or throw a light upon their crimes.”

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Author:William Jennings Bryan
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“Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.”

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Author:Friedrich August von Hayek
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“The dirty little secret is that both houses of Congress are irrelevant. ... America's domestic policy is now being run by Alan Greenspan and the Federal Reserve, and America's foreign policy is now being run by the International Monetary Fund [IMF]. ...when the president decides to go to war, he no longer needs a declaration of war from Congress.”

NeedsLittlesWarRunningAmericaHousePresidentSecretPolicyHistoricalInternationalCongressDirtyFundForeign PolicyReservesDeclarationIrrelevantMonetaryFederal ReserveImfDomestic PolicyDeclaration Of War
Author:Robert Reich
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“We're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out.”

TryingYearsCountryTodayHurtMoneyClassMiddlePolicyCostStandardsDown AndOur CountryMiddle ClassEmpiresCurrencyMonetaryStandards Of LivingMonetary Policy
Author:Ron Paul
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“Library of the Works of Ludwig von Mises”. Here is an article he wrote in 1951, some two years after his magnum opus Human Action appeared, where is lays out his case in a more popular form. The money sentences are “Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. It has happened again and again in the past, and it will happen in the future, too.”

WayYearsHumansTwoEndsHappensActionPastFormCasesHappenedEconomicPolicyTheoryCrisisLaysLibraryProsperityCreditSentencesTwo YearsArticlesAgain And AgainMonetaryIllusoryHuman ActionsEconomic CrisisEconomic TheorySlumpsVon Mises
Author:Ludwig von Mises
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“In the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.”

PeopleWarEnoughGovernmentLostLossHalfEffectsTaxesPressesSouthFinanceCivil WarAccomplishedAssetsBankingInflationPrintingMonetaryPrinting PressBanking System
Author:G. Edward Griffin
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“Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for liquidity, and with a monetary system which rigidly links the quantity of money to the stock of the precious metals, it will be essential for the maintenance of prosperity that the authorities should pay close attention to the state of the balance of trade. For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.”

IfsShouldMayStatesPayAttentionProduceBalanceProveEssentialsAuthorityTradeDetermineProsperityCharacteristicsLinksMetalsQuantityStableContemplatingNeverthelessUnitsPreferencePersistentMaintenanceMonetaryPropensityImbalanceMonetary SystemLiquidityPrecious Metal
Book:General Theory Of Employment , Interest And Money
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“The theory of economic shock therapy relies in part on the roleof expectations on feeding an inflationary process. Reining in inflation requires not only changing monetary policy but also changing the behavior of consumers, employers and workers. The role of a sudden, jarring policy shift is that it quickly alters expectations, signaling to the public that the rules of the game have changed dramatically - prices will not keep rising, nor will wages.”

GamesProcessRolesEconomicPolicyChangedTheoryBehaviorExpectationsWorkersConsumersTherapyRelyRisingShockWagesFeedingInflationEmployersMonetaryRules Of The GameMonetary PolicyShock Therapy
Author:Naomi Klein
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“All of the government's monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to drive down the price of gold - but in the absence of any fundamental change in the nation's monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.”

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Author:Irwin Schiff
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“Money values do not simply mirror the state of affairs in the real world; valuation is a positive act that makes an impact on the course of events. Monetary and real phenomena are connected in a reflexive fashion; that is, they influence each other mutually. The reflexive relationship manifests itself most clearly in the use and abuse of credit.”

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Book:The Alchemy of Finance: Reading the Mind of the Market
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“I am myself persuaded, on the basis of extensive study of the historical evidence, that... the severity of each of the contractions - 1920-21, 1929-33, and 1937-38 - is directly attributable to acts of commission and omission by the Reserve authorities and would not have occurred under earlier monetary and banking arrangements.”

StudyAuthorityEvidenceBasesHistoricalConspiracyReservesArrangementsBankingMonetarySeverityOmissionContractions
Book:Capitalism and Freedom: Fortieth Anniversary Edition
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“If you make people uniform, you can control them. If you teach people to read, and think, and question things, you lose control. So, the best idea is to separate people if you wish to maintain a monetary system. It's called divide and conquer. By dividing people, they're not a threat, you can control them.”

PeopleIfsThinkingIdeasReadingWishLosesTeachThreatSeparationConquerDividesQuestioningUniformsRulingGoverningMonetaryDividingUniformityMonetary SystemFuturistDivide And Conquer
Author:Jacque Fresco
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“People say that the monetary system produces incentive. This may be true in limited areas, but it also produces greed, embezzlement, corruption, pollution, jealousy, anger, crime, war, poverty, tremendous scarcity, and unnecessary human suffering. You have to look at the entire picture.”

PeopleHumansLooksMayWarSufferingPovertyCrimeProduceAreasAngerGreedCorruptionBeing TrueJealousyPollutionUnnecessaryIncentivesMonetaryScarcityHuman SufferingMonetary SystemCauses Of PovertyCorrupt SocietyEmbezzlement
Author:Jacque Fresco
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