Quotes About Monetary

inept or inflexible monetary policy in the wake of a sharp decline in asset prices can turn a correction into a recession and a recession into a depression.

The Crusades, like the conquests that followed, were as much about overcoming Europe's monetary shortage as about converting heathens to Christianity.14

public expectations of inflation to shift and the demand for cash balances to fall

Pure monetary theory, however, cannot explain why in one country the inflationary process proceeds so much further or faster than in another.

Niall Ferguson

every one per cent increase in the Bank of England's base lending rate correlated with a three per cent drop in government popularity.

Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.' What

Inflation', wrote Milton Friedman in a famous definition, 'is always and everywhere a monetary phenomenon, in the sense that it cannot occur without a more rapid increase in the quantity of money than in output.

most money is invisible, little more than numbers on a computer screen?

M0 (also known as the monetary base or high-powered money), which is equal to the total liabilities of the central bank, that is, cash plus the reserves of private sector banks on deposit at the central bank; and M1 (also known as narrow money), which is equal to cash in circulation plus demand or 'sight' deposits.

without easy credit creation a true bubble cannot occur. That is why so many bubbles have their origins in the sins of omission or commission of central banks.

La inflación —escribía Milton Friedman en una célebre definición— es siempre y en todas partes un fenómeno monetario, en el sentido de que no puede producirse sin un incremento más rápido en la cantidad de dinero que en la producción.»

Como decía Milton Friedman, la inflación es un fenómeno monetario. Pero la hiperinflación es siempre y en todas partes un fenómeno político, en el sentido de que no puede producirse sin una disfunción fundamental de la economía política de un país.

Para entender el declive económico de Argentina hace falta, una vez más, ser conscientes de que la inflación es un fenómeno político tanto como monetario.

effect the exchange of labor and services by means of an exchange of heartbeats. estimate every task in terms of heartbeats-the monetary unit of the future, in which all individuals are equally wealthy.

Instead we will see an increase in a sophisticated, nonviolent form of crime: the counterfeiting of credit cards and the manipulation of the computer programs that carry out transfers of monetary credit.

Endorsing unconventional monetary policies unquestioningly is tantamount to saying that it is acceptable to distort asset prices if there are other domestic constraints on growth.

China needs a currency that reflects underlying economic fundamentals.

For too long, our nation has relied on low interest rates rather than undertaking the necessary long term necessary economic reforms.

Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

There will not be an automatic increase in interest rate when unemployment hits 6.5%.

Interest rates are used to achieve overall economic stability.

The participation of our country in the eurozone is a guarantee for the country's monetary stability. It is a driver of financial prosperity.

The Federal Open Market Committee (FOMC) is committed to policies that promote maximum employment and price stability, consistent with our mandate from Congress.