Quotes About Currency

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.

Lenin is said to have declared that the best way to destroy the Capitalist System was 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. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

With the breakdown of money economy the practice of international barter is becoming prevalent.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.

the inside of the shell, the swirls of blue and purple—wampum, what used to be traded like money.

Yeah, but no one uses half-dollars," I pointed out. "Except great-grandpas, and then they have caramels stuck to them." -Alice

We ought to change the legend on our money from "In God We Trust" to "In Money We Trust." Because, as a nation, we've got far more faith in money these days than we do in God.

Exchange rate understandings are of little use on their own.

A flexible exchange rate is important, and it shouldn't be artificially restrained because of the needs of the economy.

China became the second biggest economy in the world by pegging their currency to the dollar at an artificially cheap rate.

We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.

The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.

After the maxi yuan depreciation of 1994 and until 2005, exchange-rate fixity was the order of the day, with little movement in the CNY/USD rate.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.

Most economists use 'fixed' and 'pegged' as interchangeable or nearly interchangeable terms for exchange rates.

You will see more fluctuation, I believe, in the private cryptocurrency rather than the fiat.

I'll be blunt: Money's gotten buggy.

I care a great deal about what happens to Bitcoin.

Greece's history in the drachma was an up-and-down history, a roller coaster.

Greece has to stay in the euro.

Bitcoin's success will guarantee Bitcoin's success.

Austerity policy without currency devaluation can only hamper economic growth.

We may not be a great power anymore, we may be into you for sixty-five trillion yuan-pegged, but we're not afraid to use our troops if our spades act up, so watch out, or we'll go fucking nuclear on your yellow asses if you try to cash in your chips.