Quotes About Monetary

One theory had it that Harry Dexter White, the former Treasury Department official who went on to become director of the International Monetary Fund, stole U.S. Mint engraving plates so that Communism could flood the country with excess currency.)

Deflation isn't good, and inflation is easier to cure than deflation.

The central focus of what we are doing at the Fed is to keep inflation from accelerating - and preferably decelerating.

During the past two decades, inflation has fallen to a low level in major industrial countries.

The government will always tell you that it wants low inflation. The real issue is the horizon over which to bring inflation down.

The idea that RBI will be able to make a big transfer to the government was misplaced. It was a very good signalling device that the government was very serious about cracking down on corruption and black money. But I do not think it was very effective in curbing it.

Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.

The way forward is for governments to consciously pursue monetary and fiscal stability through setting clear objectives, establishing proper rules, and requiring openness and transparency - the new rules of the game.

Raising interest rates is voo-doo. You can't deal with a global system problem by trying to solve it with this.

I was not the producer of 'Vaanaprastham' earlier. The first producers backed out when they became doubtful about the monetary benefits. I do not blame them. But as an actor, I wanted to make the film. So, I told Shaji sir that I would produce the film. It was only then we started shooting.

How can you have a site where there are millions of people enjoying content from millions of creators and there's no direct monetary interaction between those people? That future does not exist. It's impossible.

There's nothing the people love more than a Federal Reserve joke.

Not that there's anything wrong with commercialism but like all things monetary, it's based on a leap of faith; more abstract than Frank Stella's geometrics. The only reason money is worth anything is because we agree it is. Like religion, these agreements can change according to country and culture, but those changes are merely cosmetic, usually only name and denomination. The basic tenets remain constant.

Inflation via loose monetary policy is in effect a tax, but one that does not have to be legislated and that tends to hurt ordinary people more than elites with real rather than monetary assets.

Inflation itself is a form of taxation.

There is a strange idea abroad, held by all monetary cranks, that credit is something a banker gives to a man. Credit, on the contrary, is something a man already has.

To the extent that the Trump administration doesn't like a strong dollar, something has got to give, and just yelling at other countries for devaluing when you're raising rates and they're cutting rates is not going to work.

Monetary policy is like juggling six balls... it is not 'interest rate up, interest rate down.' There is the exchange rate, there are long term yields, there are short term yields, there is credit growth.

Once the monetary sovereignty is retaken, one can make a last attempt to renegotiate all of the treaties: Maastricht, Schengen, Dublin, and Lisbon.

There's no point in treating a currency like a commodity, devaluing it artificially and causing a lot of poverty among poor countries.

Any country whose currency is used as a reserve enjoys tremendous benefits because those currencies gain a significant discount to financing costs.

Monetary conditions exert an enormous influence on stock prices. Indeed, the monetary climate - primarily the trend in interest rates and Federal Reserve policy - is the dominant factor in determining the stock market's major direction.

How do you end inflation? The good news is that a nation doesn't need tax hikes, super-high interest rates, horrible recessions—or even fishing restrictions. The way to do it, very simply, is to stabilize the value of money. How to achieve this? When a currency begins to slide, the first step should be for a government to publicly declare its intention to support its money, i.e., maintain its value. The way to do so is, very simply, by shrinking the monetary base.

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand.