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Money Quotes

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Money Quotes

“Politics is noble; it is one of the highest forms of charity, as Paul VI used to say. We sully it when we mix it with business. The relationship between the Church and political power can also be corrupted if common good is not the only converging point.”

“Money is neither my god nor my devil. It is a form of energy that tends to make us more of who we already are, whether it's greedy or loving.”

“As humanity perfects itself, man becomes degraded. When everything is reduced to the mere counter-balancing of economic interests, what room will there be for virtue? When Nature has been so subjugated that she has lost all her original forms, where will that leave the plastic arts? And so on. In the mean time, things are going to get very murky.”

“The function of the university is not simply to teach breadwinning, or to furnish teachers for the public schools, or to be a centre of polite society; if is, above all, to be the organ of that fine adjustment between real life and the growing knowledge of life, an adjustment from which forms the secret of civilization.”

“The Fed has one power that is unique to it alone: it enables the creation of money out of thin air. Sometimes it makes vast new amounts. Sometimes it makes lesser amounts. The money takes a variety of forms and enters the system in various ways. And the Fed does this through techniques such as open-market operations, changing reserve ratios, and manipulating interest rates, operations that all result in money creation.”