Credit Quotes - page 10
If Keynes was Luther, Friedman was Ignatius of Loyola, founder of the Jesuits. And like the Jesuits, Friedman's followers have acted as a sort of disciplined army of the faithful, spearheading a broad, but incomplete, rollback of Keynesian heresy. By the century's end, classical economics had regained much though by no means all of its former dominion, and Friedman deserves much of the credit.
Paul Krugman
Mah Bow Tan, age 16, took his 'O' levels - six distinctions, two credits. Mr Chiam, age 18 - 1953 I think - six credits, one pass. He passed his English language, not bad. The next year, in 1954, he worked harder, he got a credit for his English. So you see, it's not because he doesn't know English that he found difficult in expressing himself. It's what's inside here *tapping his head*. And you better search your inside here before you cast your votes. Goodbye and good luck.
Lee Kuan Yew
I did say in print, in February, 1929 that there was no hope for economic recovery in Europe before American interest rates came down. That wouldn't be until the American boom collapsed - which was likely to happen within the next few months.And this did, in fact, happen in October 1929.
What made me expect this, of course, was one of my main theoretical beliefs - that an inflationary boom cannot be maintained indefinitely. I was sure that a very unstable situation was created by the artificial prolongation of the boom in 1927, when the Federal Reserve tried to stave off a collapse by credit expansion.
Friedrich Hayek
The sentence, 'stopping the printing presses,' is a figurative expression, because it is being done now by creating credit by the Federal Reserve System. But this is government action - all inflation is ultimately the result of activities which government determines and can control. And all inflations have been stopped in the past by the government stopping creating money, or preventing the central bank from creating more money. May I add just one thing? See, all inflations have been stopped by people who created or believed in a very naive form of the Quantity Theory, and acted on that. It may be wrong, but it is the only adequate theory effective to stop an inflation.
Friedrich Hayek
The NSA has built an infrastructure that allows it to intercept almost everything. With this capability, the vast majority of human communications are automatically ingested without targeting. If I wanted to see your emails or your wife's phone, all I have to do is use intercepts. I can get your emails, passwords, phone records, credit cards.
Edward Snowden
The NSA has built an infrastructure that allows it to intercept almost everything. With this capability, the vast majority of human communications are automatically ingested without targeting. If I wanted to see your emails or your wife's phone, all I have to do is use intercepts. I can get your emails, passwords, phone records, credit cards.
I don't want to live in a society that does these sort of things... I do not want to live in a world where everything I do and say is recorded. That is not something I am willing to support or live under.
Edward Snowden
Men of science in former ages worked in secret, and instead of publishing their discoveries, taught them in secret to carefully selected pupils. Their motives for adopting that policy are readily intelligible, even if the merits of the policy may seem still open to discussion. At all events, their teaching has not been forgotten; it has been transmitted by secret initiation to men of our own time, and while its methods and its practical achievements remain secrets in their hands, it is open to any patient and earnest student of the question to satisfy himself that these methods are of supreme efficacy, and these achievements far more admirable than any yet standing to the credit of modern science.
Alfred Percy Sinnett
Legal plunder can be committed in an infinite number of ways. Thus we have an infinite number of plans for organizing it: tariffs, protection, benefits, subsidies, encouragements, progressive taxation, public schools, guaranteed jobs, guaranteed profits, minimum wages, a right to relief, a right to the tools of labor, free credit, and so on, and so on. All these plans as a whole - with their common aim of legal plunder - constitute socialism.
Frédéric Bastiat
At the end of every television broadcast, the names of the people who worked on it are listed. Why, you may ask yourself sometimes, would so many people want to take credit for such a bad show? Well, its just like what's happened to the dollar. Credits in television suffer from inflation. There are more of them and they arent worth what they used to be, even on a good show.
Andy Rooney
20 years ago it would not have been possible for the world's economy to be run using a "mark.” Computer chip implants are now common and it is totally possible to eliminate cash, credit cards, checks, debit cards and go to all electronic transactions. Anyone who doesn't "go along to get along” will not be welcome on the planet. Have you seen the commercials where everyone is dancing smoothly through the checkout line buying their food until one idiot wants to pay with CASH? It "messes up the smooth flow” of things for everyone. Those commercials are psychological preparations for people to accept the mark. Watch for many more to be on TV!
Kent Hovind
"Leaves, some the wind scatters on the ground-So is the race of man." Leaves, also, are thy children; and leaves, too, are they who cry out so if they are worthy of credit, or bestow their praise, or on the contrary curse, or secretly blame and sneer; and leaves, in like manner, are those who shall receive and transmit a man's fame to after-times. For all such things as these "are produced in the season of spring," as the poet says; then the wind casts them down; then the forest produces other leaves in their places. But a brief existence is common to all things, and yet thou avoidest and pursuest all things as if they would be eternal.
Marcus Aurelius
Everyone who wishes to help bring the world out of the economic woes will line up to get a chip implanted! It's safe, simple and already available. It's been tested on animals for years. One little chip under the skin and everyone can be identified and conduct business electronically! No more theft, bad checks, waiting for checks to clear, stolen credit cards, armored cars, stolen ID, waiting lines at stores or airports, etc. Just little archways to walk through that can quickly scan who you are and automatically deduct the "cash” from your account or verify your identity! Simple! Anyone who resists this "obvious solution” will be an enemy of the state. Oh, and one more minor insignificant thing. No more privacy or independence. Big brother will be watching everything.
Kent Hovind
Complete, at the same time, was his confidence in his own judgment when it spoke to him decisively. He was one of those few that could believe and know as well as inquire and be of opinion. When I remember how much he admired intellectual force, how much he had of it himself, and yet how unconsciously and contentedly he gave others credit for superiority, I again see the healthy spirit of the genuine man.
Thomas Carlyle
Capitalism should not be condemned, since we haven't had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It's not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism!
Ron Paul
The growth in money and credit has outpaced both savings and economic growth. These inflationary pressures have been concentrated in asset prices, not consumer price inflation--keeping monetary policy too easy. This increase in asset prices has fueled domestic borrowing and spending. Government policy and the increase in securitization are largely responsible for this bubble. In addition to loose monetary policies by the Federal Reserve, government-sponsored enterprises Fannie Mae and Freddie Mac have contributed to the problem. The fourfold increases in their balance sheets from 1997 to 1998 boosted new home borrowings to more than $1.5 trillion in 1998, two-thirds of which were refinances which put an extra $15,000 in the pockets of consumers on average--and reduce risk for individual institutions while increasing risk for the system as a whole.
Ron Paul
