Quotes About Financial system

A financial system running entirely on smart contract programs on a public blockchain is a big, juicy single target for hackers.

Bitcoin also promised to solve the problems of the existing financial system and get rid of its middlemen — and then it recreated most of those middlemen, but incompetently

The United States has a system of taxation by confession.

My colleagues on the Board of Governors and I understand the value of having a diverse financial system that includes a large and vibrant contingent of community banks.

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.

The function of a financial system is to channel money from people who have it but want to save it to people who don't have it but want to spend it. ... In Ireland, as in most European countries, the banking system is the most important conduit for channelling money from savers to investors.

On balance, the financial system subracts value from society

The financial education taught in schools is funded and taught by the big banks and corporations. It's like having the cat train the mice.

[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

Deposit insurance has proved to be the crack cocaine of American finance.

There is no income tax in Russia. But there's no income.

siempre había sentido cierto desprecio por el capitalismo financiero. Pensaba que en realidad no se podía inventar el dinero, tarde o temprano acababa notándose la diferencia, la referencia a cualquier producción de bienes tarde o temprano resultaba indispensable

If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.