Monetary Things Quotes & Sayings

The single currency should allow the European Union, and therefore France, to balance its monetary strength with the United States. It should help us adjust to the development of China. — Laurent Fabius

I wish to try my hand at a novel," he said. "Just scribbling, I assure you, but it strikes me as such a noble art, requiring none of the monetary resources of opera or drama, nor the erudition of poetry. Perchance a publisher could be found. I'd be satisfied by the printing of even a score of copies, if only to hold the bound work in my hands. It gives a unique satisfaction, I assume, the writing of a novel. — Kyle Muntz

The world put's too much emphasis on what a person does in terms of monetary value and social status as opposed to who they are. If I was to ask you if you would be loved for who you are or what you do (eg. your occupation), I would guess that you would say who you are. Things are the wrong way around unless you follow Jesus.

God cares about who we are primarily, not what we do. It is our character and approach to life that he cares about. God wants us to choose him and put him first which ultimately means being a servant to him and others. — Tim Crawshaw

I believe, unlike people that are totally free-market, laissez-faire fundamentalists, that there is an important role that the government can play - one, in providing public goods, whether it's education, health care, or other things, and two, supervising countercyclical policy - stimulus, whether it's monetary, fiscal, or otherwise. — Nouriel Roubini

I never understand why 'economist makes forecast' is ever a headline. Whether the economist in question is from the International Monetary Fund, a City forecasting group or the Treasury - a forecast is still not news. — Tim Harford

A private enterprise system needs some measuring rod, it needs something, it needs money to make its transactions. You can't run a big complicated system through barter, through converting one commodity into another. You need a monetary system to operate. And the instability in that monetary system is devastating to the performance of the economy. — Milton Friedman

Human capital analysis starts with the assumption that individuals decide on their education, training, medical care, and other additions to knowledge and health by weighing the benefits and costs. Benefits include cultural and other non-monetary gains along with improvement in earnings and occupations, while costs usually depend mainly on the foregone value of the time spent on these investments. — Gary Becker

Restrictionistic ideas have never met with any measure of popular sympathy except after a time of monetary depreciation when it has been necessary to decide what should take the place of the abandoned inflationary policy. — Ludwig Von Mises

The Luddites ... asserted the precedence of community needs over technological innovation and monetary profit; ... The victory of industrialism over Luddism was overwhelming and unconditional; it was undoubtedly the most complete, significant, and lasting victory of modern times. ... To this day, if you say you would be willing to forbid, restrict, or reduce the use of technological devices in order to protect the community -- or to protect the good health of nature on which the community depends -- you will be calle4d a Luddite, and it will not be a compliment. ... Technological determinism has triumphed. — Wendell Berry

Most people blindly accept the fact that gaining money is essential for survival, without questioning its nature. The truth is, our current monetary system is the reason that humanity is in such a devastating state, the reason that the world is so full of corruption. Our monetary system has been limiting the potential of human beings for centuries.
Inventions that benefit humanity are hidden or destroyed because they are not profitable, or because they interfere with the business of corporations. The supreme goal of modern man is to obtain wealth, because he believes that material things will bring him happiness. He invests the majority of his time and energy into gaining money at any cost. The accumulation of wealth has contributed to man's greed and selfishness. Earning money is more important to him than being a good person, benefiting humanity, and even life itself. — Joseph P. Kauffman

We must not forget that ... monetary policy all over the world has followed the advice of the stabilizers. It is high time that their influence, which has already done harm enough, should be overthrown. — Friedrich August Von Hayek

Rigorous financial discipline that, together with monetary stability, ends once and for all the boom and bust that for 30 years has undermined stability — Gordon Brown

We begin with the proposition that capitalism is not chiefly an incentive system but an information system. We continue with the recognition, explained by the most powerful science of the epoch, that information is best defined as surprised-what we cannot predict rather than what we can. The key to economic growth is not acquisition of things by the pursuit of monetary rewards but the expansion of wealth through learning and discovery. — George Gilder

At best, in such depression times, monetary policy is a feeble reed on which to lean. — John Kenneth Galbraith

To a naive observer, money made out of precious metal was 'sound money' because the piece of precious metal was an 'intrinsically' valuable object, while paper money was 'bad money' because its value was only 'artificial'. But even the layman who holds this opinion accepts the money in the course of business transactions, not for the sake of its industrial use-value, but for the sake of its objective exchange-value, which depends largely upon its monetary employment. He values a gold coin not merely for the sake of its industrial use-value, say because of the possibility of using it as jewellery, but chiefly on account of its monetary utility. But, of course, to do something, and to render an account to oneself of what one does and why one does it, are quite different things. — Ludwig Von Mises

Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past. — Lawrence Reed

Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve's commitment to accountability within our democratic system of government. — Janet Yellen

Fiscal policy, monetary policy, they need to work together to try and raise the level of growth. — Joe Hockey

If you increase the quantity of money, you bring about the lowering of the purchasing power of the monetary unit. — Ludwig Von Mises

The life of a chess master is much more difficult than that of an artist - much more depressing. An artist knows that someday there'll be recognition and monetary reward, but for the chess master there is little public recognition and absolutely no hope of supporting himself by his endeavors. If Bobby Fischer came to me for advice, I certainly would not discourage him - as if anyone could - but I would try to make it positively clear that he will never have any money from chess, live a monk-like existence and know more rejection than any artist ever has, struggling to be known and accepted. — Marcel Duchamp

The way forward is for governments to consciously pursue monetary and fiscal stability through setting clear objectives, establishing proper rules, and requiring openness and transparency - the new rules of the game. — Gordon Brown

Using SROI to explore the value of our online question and answer service, askTheSite, helped us develop new mechanisms for speaking to young people and gain a real insight into the impact of our work. The project enabled us to demonstrate YouthNets commitment to robust impact measurement as well as our commercial approach to project evaluation. Perhaps most importantly, being able to assign a monetary value to askTheSite has enabled YouthNet to convey to current and potential funders how valuable the service is for both young people and the wider society in a language that they understand — Sarah McCoy

It's not necessarily that satisfying getting monetary success, but sometimes it keeps the door open to make what you want to make. — Robert Pattinson

The purpose of money is to trade for things that make you happy. So if you can bypass money and get directly to the happy, you've saved a lot of trouble. And it makes others happier, too, when you organize your business around non-monetary things. — Derek Sivers

Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures? — Frank Herbert

For the etatist, money is a creature of the State, and the esteem in which money is held is the economic expression of the respect or prestige enjoyed by the State. The more powerful and the richer the State, the better its money. Thus, during the War, it was asserted that 'the monetary standard of the victors' would ultimately be the best money. Yet victory and defeat on the battlefield can exercise only an indirect influence on the value of money. — Ludwig Von Mises

As a general rule, when something gets elevated to apple-pie status in the hierarchy of American values, you have to suspect that its actual monetary value is skidding toward zero. Take motherhood: nobody ever thought of putting it on a moral pedestal until some brash feminists pointed out, about a century ago, that the pay is lousy and the career ladder nonexistent. Same thing with work: would we be so reverent about the 'work ethic' if it wasn't for the fact that the average working stiff's hourly pay is shrinking, year by year ... — Barbara Ehrenreich

Habitual procrastinators will readily testify to all the lost opportunities, missed deadlines, failed relationships and even monetary losses incurred just because of one nasty habit of putting things off until it is often too late. — Stephen Richards

Business, endorsements and things of that nature, I got into it kinda naturally. Those ventures materialised as a direct result of things that I was actually doing; all the partnerships have been organic and not necessarily etched out plans for monetary gain. — Nas

I suppose the pursuit of fashion has always carried a price, monetary or otherwise. — Robert Charles Wilson

When people become frightened, they look for things of real value. They will go to monetary metals, gold and silver, and they will buy other things, such as buying property. But no matter what we have, whether we have our gold coins or we have our property, if we have an authoritarian government, that is our greatest threat. So, I would like to think that there is no perfect protection, other than shrinking the size and scope and power of government, so that we can be left alone and take care of ourselves. — Ron Paul

The monetary union tries to handle two groups of countries which differ greatly in terms of economic culture. First, the North-West European countries [ ... ] which aspiring to rules and discipline, and the Mediterranean countries [ ... ] which aspiring political solutions to economic problems. The first group [ ... ] aspires to solidity, the second group aspires solidarity, that is to say; other people's money. — Frits Bolkestein

Most people won't have opportunity to do full-time service, but those lucky enough to have monetary wealth or some spare time really can make an enormous difference. As someone who's now in the public sector, and is seeing up-close-and-personal the real impact of what we do and what we give, I can tell you: every dollar and every volunteer help, in more ways than you can count. — Michael Bloomberg

Perhaps the moral ambiguity of money is most plainly evidenced in the popular belief that money itself has value and that the worth of other things or of men is somehow measured in monetary terms, rather than the other way around. — William Stringfellow

Monetary exchanges have interesting things in common; Gresham's law, if true, says what one of these interesting things is. But what is interesting about monetary exchanges is surely not their commonalities under physical description. A natural kind like a monetary exchange could turn out to be co-extensive with a physical natural kind; but if it did, that would be an accident on a cosmic scale. — Jerry Fodor

If you make people uniform, you can control them. If you teach people to read, and think, and question things, you lose control. So, the best idea is to separate people if you wish to maintain a monetary system. It's called divide and conquer. By dividing people, they're not a threat, you can control them. — Jacque Fresco

The university grounds are really beautiful. Universities always try that bullshit. They want you to think wonderful things are going on inside of them because the grounds are beautiful. In general, it is good to be suspicious of monetary displays. Large swaths of bright green well-watered grass
a thing like that is a huge lie. — Jesse Ball

The essence of community, its heart and soul, is the non-monetary exchange of value; things we do and share because we care for others, and for the good of the place. — Dee Hock

Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry. — Ha-Joon Chang

If you embrace moderation, eat whole foods instead of junk, live within your physical, monetary, and environmental budget rather than constantly exceeding it, you will lose weight, tread more lightly on the planet, and gain satisfaction from these things. — Mark Bittman

Through the last centuries, the effort of capitalism has been to take all the things that were human relations and turn them into monetary exchanges. — Daniel Pinchbeck

The International Monetary Fund basically acted as the world's debt enforcers - "You might say, the high-finance equivalent of the guys who come to break your legs." I launched into historical background, explaining how, during the '70s oil crisis, OPEC countries ended up pouring so much of their newfound riches into Western banks that the banks couldn't figure out where to invest the money; how Citibank and Chase therefore began sending agents around the world trying to convince Third World dictators and politicians to take out loans (at the time, this was called "go-go banking"); how they started out at extremely low rates of interest that almost immediately skyrocketed to 20 percent or so due to tight U.S. money policies in the early '80s; how, during the '80s and '90s, this led to the Third World debt crisis; how the IMF then stepped in to insist that, in order to obtain refinancing, poor countries would be obliged to abandon price supports on — David Graeber

Which brings me to the point: In order to lose momentum, the U.S. economy has to have momentum to begin with. If it had any, I missed it. What we had was a government-prescribed course of amphetamines (to keep it up), antibiotics (to prevent infection) and antidepressants (to make it feel better). It endured regular steroid injections from both monetary and fiscal authorities. And it still has no real muscle. — Caroline Baum

Look. I'm your expert consultant for a rather pathetic monetary wage, and under that agreement I have the option of selecting a technical assistant. He's mine."

She blew out a breath, paced to the window. Paced back. "Not just yours. It makes him mine, too. I don't know how to deal with a teenaged type person."

"Ah, well, I'd say you'd deal with him as you deal with everyone else. You order him around, and if he argues or doesn't jump quickly enough you freeze his blood with one of those vicious looks you're so good at and verbally abuse him. It always works so well for you."

"You think so?"

"There, see." He cupped her chin. "There it is now. I can actually feel my blood running cold. — J.D. Robb

Man Code 25: The universal compensation for everything is beer. Unless you agree to monetary compensation ahead of time, all favors will be repaid in beer. If the favor was a big one, beer and pizza is acceptable compensation. Friends should never ask friends to pay them for a favor, unless it's for parts or for tools that are needed to do that specific job that aren't already owned. If you do a favor for someone who doesn't drink, tough shit. Pay them with beer anyway. Just kidding, they can be repaid with some sort of food item. Money still shouldn't be an option. — Charles Esquire Sr.

People say that the monetary system produces incentive. This may be true in limited areas, but it also produces greed, embezzlement, corruption, pollution, jealousy, anger, crime, war, poverty, tremendous scarcity, and unnecessary human suffering. You have to look at the entire picture. — Jacque Fresco

In the absence of a widely practiced and capable attention to our use of the land, to the land-use economies, and to the natural sources of our life, we have a national, or global, economy consisting entirely of capital (rated at monetary value), minimal labor ("jobs," merely numbered, and the numbers always liable to reduction by technology), information (infinite perhaps, but never sufficient), marketing (seduction of the gullible), and consumption (conversion of goods into waste or poison). And so we have lost patriotism in the old sense of love for one's country, and have replaced it with an ignorant, hard-hearted military-industrial nationalism that devours the country. Under — Wendell Berry

The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the U.S. dollar should be kept at a reasonable and stable level. — Hu Jintao

Indeed, as subsequent events would show, debts, rather than deficits, make countries vulnerable in a monetary union. — Jean Pisani-Ferry

My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers. Fortunately, for me personally, that conclusion has had no practical impact, else there would have been no Central Bank of Sweden to have established the award [Nobel Prize] I am honored to receive. — Milton Friedman

In Egypt the neoliberal programs have meant statistical growth, like right before the Arab Spring, Egypt was a kind of poster child for the World Bank and the IMF [International Monetary Fund:] the marvelous economic management and great reform. The only problem was for most of the population it was a kind of like a blow in the solar plexus: wages going down, benefits being eliminated, subsidized food gone and meanwhile, high concentration of wealth and a huge amount of corruption. — Noam Chomsky

The fact that we're going through a crisis is an opportunity for Europe to be more coordinated and more integrated. We're actually talking about a European Monetary Fund or euro bonds, about guarantees for countries, about economic governance in the European Union. That shows the strength of Europe. — George Papandreou

But what will happen, and I got this from reliable sources, is that the International Monetary Fund will skedaddle from D.C., possibly to Singapore or Beijing, and then they're going to make an IMF recovery plan for America, divide the country into concessions, and hand them over to the sovereign wealth funds. Norway, China, Saudi Arabia, all that jazz. — Gary Shteyngart

I'm a firm believer in the monetary union. — Wolfgang Schauble

All index-number systems, so far as they are intended to have a greater significance for monetary theory than that of mere playing with figures, are based upon the idea of measuring the utility of a certain quantity of money. The object is to determine whether a gramme of gold is more or less useful to-day than it was at a certain time in the past. As far as objective use-value is concerned, such an investigation may perhaps yield results. We may assume the fiction, if we like, that, say, a loaf of bread is always of the same utility in the objective sense, always comprises the same food value. It is not necessary for us to enter at all into the question of whether this is permissible or not. — Ludwig Von Mises

I have no regrets - in fact, I am pleased to have expelled the US ambassador, the Drug Enforcement Administration (DEA) and to have closed the US military base in Bolivia. Now, without a US ambassador, there is less conspiracy, and more political stability and social stability. Without the International Monetary Fund, we are better off economically. — Evo Morales

Economic theory has demonstrated in an irrefutable way that a prosperity created by an expansionist monetary and credit policy is illusory and must end in a slump, an economic crisis. — Ludwig Von Mises

The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government. — Amity Shlaes

Monetary success is not success. Career success is not success. Life, someone that loves you, giving to others, doing something that makes you feel complete and full. That is success. And it isn't dependent on anyone else. — James Avery

Dollar bill: people spend their whole life seeking to earn it, but won't spend 10 minutes seeking to learn it. — Orrin Woodward

We are talking about an awesome power. It is the power to weave illusions that appear real as long as they last. That is the very core of the Fed's power. Of course not everyone is instinctively against this illusion-weaving power, and many even welcome it. Tragically, the innocent who understand little about the complexity of the monetary system suffer the most, while those who are in the know reap great profit whether the market is going up or down. — Ron Paul

The conspicuous fault of the Jeffersonian Party, like the personal fault of Senator Trowbridge, was that it represented integrity and reason, in a year when the electorate hungered for frisky emotions, for the peppery sensations associated, usually, not with monetary systems and taxation rates but with baptism by immersion in the creek, young love under the elms, straight whisky, angelic orchestras heard soaring down from the full moon, fear of death when an automobile teeters above a canyon, thirst in a desert and quenching it with spring water - all the primitive sensations which they thought they found in the screaming of Buzz Windrip. * — Sinclair Lewis

I sail through life with great trust in my heart. Whoever stains and breaks that trust will be in a cold water best left behind.
I felt the cold breeze of monetary means through the low ethics of money driven minds.
I securely docked in a shore I call home without the cloaks of dead winter I saw on people who have used me. — Angelica Hopes

Monetary calculation is not the calculation, and certainly not the measurement, of value. Its basis is the comparison of the more important and the less important. It is an ordering according to rank, an act of grading (Cuhel), and not an act of measuring. It was a mistake to search for a measure of the value of goods. In the last analysis, economic calculation does not rest on the measurement of values, but on their arrangement in an order of rank. — Ludwig Von Mises