Quotes About Finance

Unlike Marxism, the Leninist one-party state is not a philosophy. It is a mechanism for holding power. It works because it clearly defines who gets to be the elite - the political elite, the cultural elite, the financial elite.

It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans.

Putting, say, an 85 per cent income tax rate is unlikely to bring in much revenue.

While we would typically encourage young people to start saving for the future as early as possible, it's unlikely that a budding entrepreneur will be able to do so. The entrepreneur will need every bit of capital available for the business, which will likely crowd out personal savings.

The world I describe is about how people live now. It's not about zany people with unlimited, inexplicable funds in an apartment somewhere.

An unlimited power to tax involves, necessarily, the power to destroy.

Every economy is uncertain. Referring to this or any economy as 'uncertain' is an unnecessary and pessimistic redundancy.

There are no taxes that are unpaid, nor were there any taxes that I was responsible for that didn't get paid.

President Trump, whose businesses and now campaign have left a long trail of unpaid bills behind them, has never discriminated when it comes to stiffing people who work for him.

The Eurozone allows for the largely unimpeded movement of people, goods, services, and capital across borders. It has also resulted in unprecedented cooperation on crime, security, and finance among its members.

Actors seem brave and unpredictable, but they're spontaneous as a tax return.

Money is my military, each dollar a soldier. I never send my money into battle unprepared and undefended. I send it to conquer and take currency prisoner and bring it back to me.

When you're levered 9 to 1, it'd be unreal for a bank to go down.

If the banks become unreliable lenders, apartment prices will drop dramatically.

Investors need to get rewarded for their investment, especially in unstable countries.

Greece is an extreme case: a country where both the level of spending and the level of taxation were unsustainable!

Growth based on debt is unsustainable, artificial.

There shouldn't be budget problems. There is so much money that goes untapped. If every athlete gave 5% of what they earned, there wouldn't be any budget problems.

In my min,d there is arguably a greater risk of a default on the debt of a U.S. state than there is on the debt of a euro-area member. I consider it unthinkable that a euro-area country would default.

I didn't become interested in derivatives until 1982, 1983.

The people who did the collateralized mortgage obligations, sold them to pension funds, then sold them short, then bought credit default swap insurance on them, are just amazing. They are a law unto themselves.

If you have 'too big to fail' for cities or for states, and they believe they'll be bailed out, they'll continue to make unwise decisions.

Bernie Madoff... was regulated up and down and every which way, and it didn't do any good - he ran away with everyone's money.

The year 2000, I was the richest for three days. So I know up and down.