Convertibility Quotes & Sayings

The military-strategic dimensions of world order were, in American thinking, inseparable from the economic dimensions. US planners viewed the establishment of a freer and more open international economic system as equally indispensable to the new order they were determined to construct from the ashes of history's most horrific conflict. Experience had instructed them, Secretary of State Cordell Hull recalled, that free trade stood as an essential prerequisite for peace. The autarky, closed trading blocs, and nationalistic barriers to foreign investment and currency convertibility that had characterized the depression decade just encouraged interstate rivalry and conflict. A — Robert J. McMahon

Investors tended to infer future changes in fiscal and monetary policy from political events, which were regularly reported in private correspondence, in newspapers and by telegraph agencies. Among the most influential bases for their inferences were three assumptions: that any war would disrupt trade and hence lower tax revenues for all governments; that direct involvement in war would increase a state's expenditure as well as reducing its tax revenues, leading to substantial new borrowings; and that the impact of war on the private sector would make it hard for monetary authorities in combatant countries to maintain the convertibility of paper banknotes into gold, thereby increasing the risk of inflation. — Niall Ferguson

The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use. — Abraham Lincoln

There is no America without labor, and to fleece the one is to rob the other. — Abraham Lincoln

I think he would not wish himself anywhere but where he is." - Henry V, Act IV, scene i — William Shakespeare

Whoever might perfume a scorpion
Will not thereby escape its sting. Bahaudin Naqshband — Idries Shah

She is still forming her conclusions but, above all, is convinced that their actions are borne of instinct: fixed patterns that take them to their source of food, to their safe havens, to their mates, and, ultimately, to their death, since their predators learn these patterns as surely as if they, too, had read Maud's book. — Emmanuelle De Maupassant

Slugs crawl and crawl over our cabbages, like the world's slander over a good name. You may kill them, it is true; but there is the slime. — Douglas William Jerrold

It's been an obsession of various genres, disciplines, and aspects and elements of movie-making. It's always been something that I've really aspired to, so doing something new and different, reinventing myself and working with new people is just the passport to the amazing world that is the movies. — David Gordon Green

I love scuba-diving, but I hate all the equipment. — Cassandra Clare

We are in a period called post. In previous periods, anti-Semitism was always direct. Today's anti-Semitism isn't direct. If you say today that the Jews are absolute evil, or Israel is absolute evil, you must say Israeli is committing genocide against the Palestinians. It is very rare to find a Western politician who repeats these things. — Manfred Gerstenfeld

My upbringing was completely liberal from the start. In fact, I didn't even have a Muslim identity. — Maajid Nawaz