Growth Quotes - page 21
I want to make sure you keep your eyes on the ball, that is, the two basic missions of a central bank. The first is maintaining macroeconomic stability: maintaining stable growth and keeping inflation low and stable. The principal policy tool for maintaining macroeconomic stability is monetary policy. In normal times, the Fed and other central banks use open market operations-purchases and sales of securities in markets-to move interest rates up or down, and in doing so try to create a more stable macroeconomic environment.
The second part of a central bank's mission is maintaining financial stability. Central banks are focused on trying to ensure that the financial system functions properly, and in particular, they want to prevent, if possible, and if not, to mitigate the effects of a financial crisis or a financial panic.
Ben Bernanke
House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals, including robust growth in jobs and incomes, low mortgage rates, steady rates of household formation, and factors that limit the expansion of housing supply in some areas.
Ben Bernanke
Shivaji proved, by his example, that the Hindu race could build a nation, found a State, defeat its enemies; they could conduct their own defence; they could protect and promote literature and art, commerce and industry; they could maintain navies and ocean going fleets of their own, and conduct naval battles on equal terms with foreigners. He taught the modern Hindus to rise to the full stature of their growth. He demonstrated that the tree of Hinduism was not dead, and that it could put forth new leaves and branches and once again rise up its head to the skies.
Jadunath Sarkar
In addition to the poll-tax and public degradation in dress and demeanour imposed on them, the non-Muslims were subjected to various hopes and fears. Rewards in the form of money and public employment were offered to apostates from Hinduism. The leaders of Hindu religion and society were systematically repressed, to deprive the sect of spiritual instruction, and their religious gatherings and processions were forbidden in order to prevent the growth of solidity and a sense of communal strength among them. No new temple was allowed to be built nor any old one to be repaired, so that the total disappearance of all places of Hindu worship was to be merely a question of time. But even this delay, this slow operation of Time, was intolerable to many of the more fiery spirits of Islam, who tried to hasten the abolition of ‘infidelity' by anticipating the destructive hand of Time and forcibly pulling down temples.
Jadunath Sarkar
Murder of non-Muslims is a merit : "The murder of infidels (even if they are innocent) is counted a merit in a Muslim. It is not necessary that he (Muslim) should have his own passion or mortify his flesh, it is not necessary for him to grow a rich growth of spirituality. He has only to slay a certain class of his fellow-beings (non-Muslims) or plunder their lands and wealth and this act is itself would raise his (Muslim's) soul to Heaven. A religion where followers are taught to regard robbery and murder as a religious duty, is incompatible with the progress of manking or with the peace of the world.
Jadunath Sarkar
What is the "cost of capital" to a, firm in a world in which funds are used to acquire assets whose yields are uncertain; and in which capital can be obtained by many different media, ranging from pure debt instruments, representing money-fixed claims, to pure equity issues, giving holders only the right to a pro-rata share in the uncertain venture? This question has vexed at least three classes of economists: (1) the corporation finance specialist concerned with the techniques of financing firms so as to ensure their survival and growth; (2) the managerial economist concerned with capital budgeting; and (3) the economic theorist concerned with explaining investment behavior at both the micro and macro levels.
Franco Modigliani
Good jobs depend on sound tax policy. Last year, some in this hall thought my tax relief plan was too small; some thought it was too big. But when the checks arrived in the mail, most Americans thought tax relief was just about right. Congress listened to the people and responded by reducing tax rates, doubling the child credit, and ending the death tax. For the sake of long-term growth and to help Americans plan for the future, let's make these tax cuts permanent.
George W. Bush
When challenges to our prosperity emerged, we rose to meet them. Facing the prospect of a financial collapse, we took decisive measures to safeguard our economy. These are very tough times for hardworking families, but the toll would be far worse if we had not acted. All Americans are in this together. And together, with determination and hard work, we will restore our economy to the path of growth. We will show the world once again the resilience of America's free enterprise system. The decades ahead will bring more hard choices for our country, and there are some guiding principles that should shape our course.
George W. Bush
An extreme, unconditional human yearning was expressed for the first time by Nietzsche independently of moral goals or of serving God. ... Ardor that doesn't address a dramatically articulated moral obligation is a paradox. ... If we stop looking at states of ardor as simply preliminary to other and subsequent conditions grasped as beneficial, the state I propose seems a pure play of lightning, merely an empty consummation. Lacking any relation to material benefits such as power or the growth of the state (or of God or a Church or a party), this consuming can't even be comprehended. ... I'll have to face the same difficulties as Nietzsche-putting God and the good behind him, though all ablaze with the ardor possessed by those who lay down their lives for God or the good. ... I'll admit that moral investigations that aim to surpass the good lead first of all to disorder.
Georges Bataille
Animals use aggression as a technique for gaining control over necessities... that are scarce or are likely to become so... They intensify their threats and attack with increasing frequency as the population around them grow. As a result the behavior itself induces members of the population to spread out in space, raises the death rate, and lowers the birth rate. In such cases aggression is said to be a "density-dependent factor" in controlling population growth.
E. O. Wilson
Music has no differences. We played alongside each other; it was not in fusion but in unison. I have enjoyed playing with all the artists. I have collaborated with musicians from the west and fellow Indians, including Ravi Shankar, Allah Rakha (father of Zakir Hussain), George Harrison, Jean Pierre Ramphal, Jethro Tull, John McLaughlin, Jan Gabarek, Yehudi Menuhin and others. I composed for Bollywood. It made me affluent. It was Pandit Shiv Kumar Sharma who asked me one day if playing in Bollywood films was all I was going to do in my life. I was not growing as an artist. I needed more. What did I have to show in terms of personal creativity, or growth? He was right.
Hariprasad Chaurasia
Beware, lastly, of imagining you shall obtain the end without using the means conducive to it. God can give the end without any means at all; but you have no reason to think He will. Therefore constantly and carefully use all those means which He has appointed to be the ordinary channels of His grace. Use every means which either reason or Scripture recommends, as conducive (through the free love of God in Christ) either to the obtaining or increasing any of the gifts of God. Thus expect a daily growth in that pure and holy religion which the world always did, and always will, call "enthusiasm;” but which, to all who are saved from real enthusiasm, from merely nominal Christianity, is "the wisdom of God, and the power of God;” the glorious image of the Most High; "righteousness and peace;” a "fountain of living water, springing up into everlasting life!”.
John Wesley
I have a rooted hatred to this police establishment; that I hate it, because it is of foreign growth, and because it is French; that I hate it because it really tears up the government; that good-natured government, that gentle, that confiding, that neighbourly and friendly government, under which I was born, and under which my forefathers lived.
William Cobbett
