Quotes About Monetary

Inflation is always and everywhere a monetary phenomenon.

Inflation is taxation without legislation

In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism.

the public realized that an excess of paper currency creates no real wealth, only inflation.

asciende aproximadamente a un millón y medio de libras esterlinas en francos suizos y bolívares venezolanos, en los que, por razones de prudencia, pues siguen siendo las monedas más fuertes del mundo

Information wants you to give me a dollar.

Milton Friedman. Friedman had a solid MV = PQ doctrine from which he deviated very little all his life. By the way, he's about as smart a guy as you'll meet. He's as persuasive as you hope not to meet.

Monetary union must be oriented towards the needs of citizens and must balance the principles of responsibility and solidarity more effectively.

Higher government spending will not lead to more rapid monetary growth and inflation if additional spending is financed either by taxes or by borrowing from the public. In that case, government has more to spend, the public has less. Higher government spending is matched by lower private spending for consumption and investment. However

In a crisis we are all Keynesians.

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.

As a former economy minister, I can't not think about economic growth. The central bank should also think about this but through its own instruments.

The dollar has lost over 95 percent of its value since the Fed was created.

The whole system is overseen by the government-created Federal Reserve System, which presides over a system-wide cartel.

The Law thereby prohibits three contemporary monetary phenomena that have contributed so heavily to the economically precarious position of modern nations: fiat money, fractional reserve banking, and deficit spending.

The economy is a test and measurement system, and it requires reliable learning guided by an accurate meter of monetary value. The

The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.

When inflation begins to rise, that's a situation we know how to deal with. When the economy is not doing well, and we're stuck at zero, that's one we don't know so much about - or we know about it that it's bad.

Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels.

No one will lend at a negative interest rate; potential creditors will simply choose to hold cash, which pays zero nominal interest.

The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

Inflation is one form of taxation that can be imposed without legislation.

If Ansel Adams gets a thousand dollars a print, I want ten thousand.

The great irony was that, while I was being portrayed as a monster, I was in Khatmandu with my children, doing soup kitchens for Tibetan refugees, using all the money from my records to feed three hundred people a day, and working with monks connected to the Sammye Ling Buddhist centre in Scotland.