Quotes About Monetary

The issue is, you're not going to have a lot of inflation showing up when you have no velocity.

Money was invented for a reason. We've seen people try to use beans, etc. and it doesn't work.

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we will allow other economic agents, both domestic and foreign, to compete with them.

If Federal Reserve loans are subsidies, it doesn't show up in the federal budget.

In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade.

Neither political nor monetary sovereignty can be shared with private interests.

Facebook and a cartel of junior partners will leverage their platform power to establish a global financial surveillance system, on the back of public monetary systems. — Raúl Carrillo, Demand Progress

What does Facebook want from a private currency so much that they're offering to lose money to run it? The obvious answer is: personal data — because Facebook always wants personal data. Facebook's business is selling personal data to advertisers.

The one thing people don't appreciate, I think, is that central banking is not a new development. It's been around for a very long time.

The higher interest and higher inflation is a vicious cycle.

The price of gold was fixed at $35 an ounce in 1934, but by the time the U.S. got through the Korean War, the Vietnam war, with all the associated secular inflation, the price level had gone up nearly three times.

When the dollar is in trouble, that will be one of the alternatives, and the more Bitcoins are used, the worse it will be for the dollar.

cuando la integración económica y monetaria no deja otra opción, a las democracias les cuesta tragar la amarga píldora de la austeridad. Y cuando la globalización colisiona con la política nacional, los inversores inteligentes apuestan por el equipo local. La soberanía nacional sólo puede reprimirse durante un tiempo.

if we watch how people's brains respond, promising them monetary rewards and giving them cocaine, nicotine, or amphetamines look disturbingly similar.

It is an established scientific fact that monetary policy has had virtually no effect on output and employment in the U.S. since the formation of the Fed.

For hundreds, even thousands, of years, people completely failed to see that variations in the objective exchange-value of money could be induced by monetary factors. They tried to explain all variations of prices exclusively from the commodity side.

Inflationism is that monetary policy that seeks to increase the quantity of money.

Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.

The function of money is to facilitate the business of the market by acting as a common medium of exchange.

Restrictionistic ideas have never met with any measure of popular sympathy except after a time of monetary depreciation when it has been necessary to decide what should take the place of the abandoned inflationary policy.

A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees.

Before an economic good begins to function as money it must already possess exchange-value based on some other cause than its monetary function. But money that already functions as such may remain valuable even when the original source of its exchange-value has ceased to exist. Its value then is based entirely on its function as common medium of exchange.1

the fundamental problem of the value of money.

One of the reasons I was so bullish on the Deutsche mark was a radical currency theory proposed by George Soros in his book, The Alchemy of Finance. His theory was that if a huge deficit were accompanied by an expansionary fiscal policy and tight monetary policy, the country's currency would actually rise.