Quotes About Wealth
If poverty was to be sold three cents today, i can't buy it.
~ Ngugi wa Thiong'o
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All rapidly accumulated wealth is either the result of luck or discovery, or the result of a legalised theft.
~ Niall Ferguson
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banks have evolved since the days of the Medici precisely in order (as the 3rd Lord Rothschild succinctly put it), to 'facilitate the movement of money from point A, where it is, to point B, where it is needed'.48 Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony.
~ Niall Ferguson
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as masters of the bond market, the Rothschilds were already more feared than loved. Reactionaries on the Right lamented the rise of a new form of wealth, higher-yielding and more liquid than the landed estates of Europe's aristocratic elites. As Heinrich Heine discerned, there was something profoundly revolutionary about the financial system the Rothschilds were creating:
~ Niall Ferguson
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Se ha demostrado de modo convincente que una de las principales razones para la creciente desigualdad internacional en los años setenta y ochenta fue en realidad el proteccionismo en los países menos desarrollados. Una
~ Niall Ferguson
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he later made the tobacco companies pay: over $200 billion to Mississippi and forty-five other states as compensation for Medicaid costs arising from tobacco-related illnesses. The case (immortalized in the film The Insider) made Scruggs a rich man. His fee in the tobacco class action is said to have been $1.4 billion, or $22,500 for every hour his law firm worked.
~ Niall Ferguson
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money: a unit of account, a store of value - portable power.
~ Niall Ferguson
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Ch? khi nào ng??i gá»i ti?n Ä'ưa ti?n c?a mình vào các ngân hàng thì s? ti?n Ä'ó má»›i chuy?n d?ch t? v?n nhàn rá»—i tá»›i nh?ng ng??i ch?m ch?
~ Niall Ferguson
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Los gobernantes arbitrarios y corruptos tienen una enorme responsabilidad por este fracaso económico.36 Buena parte del dinero que llovió sobre los países pobres ha sido simplemente filtrado y devuelto (con frecuencia hacia cuentas de bancos en Suiza), pues los gobernantes corruptos han atesorado sus mal obtenidas ganancias en el extranjero.
~ Niall Ferguson
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the way the money was spent ensured that Spain's newfound wealth provided the entire continent with a monetary stimulus.
~ Niall Ferguson
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Can it really be that England became the first industrial nation mainly because bad sanitation and disease kept life exceptionally short for the majority of people, giving the rich and enterprising minority a better chance to pass on their genes?
~ Niall Ferguson
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The more integrated the world's financial markets become, the greater the opportunities for financially knowledgeable people wherever they live - and the bigger the risk of downward mobility for the financially illiterate.
~ Niall Ferguson
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In real terms, stocks increased by a factor of 10.3; bonds by a factor of 3.4; bills by a factor of 1.8. Had my parents made the mistake of simply buying $10,000 in dollar bills in 1964, the real value of their son's nest egg would have declined in real terms by 85 per cent.
~ Niall Ferguson
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super zip codes', looks increasingly like a new caste, equipped with the wealth and power to override the effects of mean reversion in human reproduction, so that even their dimmer progeny inherit their lifestyle.14
~ Niall Ferguson
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Roughly two fifths of the world's population is effectively outside the financial system, without access to bank accounts, much less credit.
~ Niall Ferguson
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The best way to rob a bank is to own one.
~ Niall Ferguson
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Niall Ferguson
~ seigniorage
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money was commoditized labour
~ Niall Ferguson
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Power, let us not forget, is not just about being able to buy whatever you want; that is mere wealth. Power is about being able to get whatever you want at below the market price.
~ Niall Ferguson
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it's not owning property that gives you security; it just gives your creditors security. Real security comes from having a steady income
~ Niall Ferguson
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Bread, cash, dosh, dough, loot, lucre, moolah, readies, the where-withal: call it what you like, money matters.
~ Niall Ferguson
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most money is invisible, little more than numbers on a computer screen?
~ Niall Ferguson
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They've got the usual Socialist disease — they've run out of other people's money.
~ Niall Ferguson
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The first is that poverty is not the result of rapacious financiers exploiting the poor. It has much more to do with the lack of financial institutions, with the absence of banks, not their presence.
~ Niall Ferguson
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