Quotes About Monetary

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.

There are only three ways to meet the unpaid bills of a nation. The first is taxation. The second is repudiation. The third is inflation.

Time spent travelling was assumed to be unproductive and a monetary value attributed to the minutes that would be saved from a speedier journey that allowed people to get from one office to another more quickly. I've always thought that that case was weak.

Earth is abundant with plentiful resources. Our practice of rationing resources through monetary control is no longer relevant and is counter-productive to our survival.

The first step to prescribing the right medicine is to recognize the cause of the illness. And, when it comes to what is ailing the global economy, extreme monetary easing has been more cause than cure. The sooner we recognize that, the stronger and more sustainable the global economic recovery will be.

I have said repeatedly that the way to sustainable growth is to bring down inflation to much more reasonable levels.

Our membership of the euro is a guarantee of monetary stability and creates the right conditions for sustainable growth. Our membership of the euro is the only choice.

To ensure stable and sustainable economic growth, world leaders must re-examine the international rules of the monetary game, with advanced and emerging economies alike adopting more mutually beneficial monetary policies.

When it comes to policies of central bankers, the biggest systemic risk we have... are those policies.

Any country with a large public debt, and with no access to monetary financing, could be subject to a run on its debt, even if it was solvent in the long run. In other words, a liquidity crisis triggered by lack of confidence could push into insolvency not only banks, but also sovereigns with high public debts and no access to the printing press.

Con la ocupación, los soviéticos habían emitido un exceso de moneda y provocado con ello su devaluación, de modo que todo se compraba y se vendía a cambio de cigarrillos.

Basically, unless you're willing to write down debts and save the economy, you're going to have deflation and a steady drain in purchasing power - that is, shrinking markets.

I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.

Indeed, as subsequent events would show, debts, rather than deficits, make countries vulnerable in a monetary union.

Civilized countries generally adopt gold or silver or both as money.

I think a strong dollar is the result of policies, but I don't think the strong dollar is in and of itself a policy.

When monetary policy destroys the currency, it always destroys the middle class.

There is no risk-free path for monetary policy.

A good monetary policy follows inflationary expectations and not historical numbers.

It's a challenge for monetary policy to communicate that our inflation objective is 2 percent.

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock.

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy.

I don't want Congress setting monetary policy.

So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls.