Quotes About Financial system

Few things are harder to predict accurately than the timing and magnitude of financial crises, because the financial system is so genuinely complex and so many of the relationships within it are non-linear, even chaotic.

the financial system is so genuinely complex and so many of the relationships within it are non-linear, even chaotic.

We have got to change our ethics and our financial system and our whole way of understanding the world. It has to be a world in which people live rather than die; a sustainable world. It could be great.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

The Federal Reserve is not charged with designing or evaluating proposals for housing finance reform. But we are responsible for regulating and supervising banking institutions to ensure their safety and soundness, and more broadly for the stability of the financial system.

Starting in late 2007, faced with acute financial market distress, the Federal Reserve created programs to keep credit flowing to households and businesses. The loans extended under those programs helped stabilize the financial system.

In a globally interdependent world, a better financial and investment system cannot be achieved on a country-by-country basis. There may be no one-size-fits-all model for economic development, but without global standards and complementary regulations, the long-term outlook for the world economy will remain bleak.

Of course most Americans don't know how A.I.G. brought the world's financial system to near-ruin or what credit-default swaps are. They may not even know what A.I.G. stands for. But Americans do make the connection between their fears about their own jobs and their broad understanding of the A.I.G. debacle.

When you hear the phrase "rescue the financial system," translate it in your mind into "keep the debts on the books." They are trying to find a way for you (and debtor nations too) to keep paying and for the debt to keep growing.

Our mission is to accelerate the development of a better financial system; it's not just development of a better Bitcoin financial system, and so we want to back the best teams, who have the biggest ideas, unique solutions to big problems.

It's better to have the taxpayer pay for the losses than have the United States of America become an economic wasteland. If the financial system collapses, it's really, really hard to put it back together again.

In this way, the charge that the bank makes for the use of its notes - the interest - is a continual and universal tax upon all the members of the community.

Before we start making blanket statements about abolishing the IRS, I think it's important to focus on what the tax code for the 21st century should look like.

I mean, the country was founded on free enterprise. There's good things about it, and there's obviously bad things about it.

The financial system has been turned over to the Federal Reserve Board. That board administers the finance system by authority of a purely profiteering group. The system is private, conducted for the sole purpose of obtaining the greatest possible profits from the use of other people's money.

Money has always been a particular problem for revolutionaries and anti-capitalists. What will money look like 'after the revolution'? How will it function? Will it exist at all? It's hard to answer the question if you don't know what money actually is. Proposing to eliminate it entirely seems utopian and naive.

What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really don't trust their banks or their currency, and bitcoin is an alternative.

Capitalism sounds good in theory but it just doesn't work.

We need to have a tax system that rewards work and not just financial transactions.

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

The question of how to structure our nation's financial system arose in the early years of the republic.

We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.

When you talk about the economic process of a society, sometimes we separate it into two stories. One is about monetary variables. But then, we very often assume the underlying arrangement, the other variable, is 'perfect competition,' which means people do whatever they are supposed to do.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.