Credit Quotes - page 22
Mehrling: So you didn't read at that time the classic banking texts, for example, Bagehot's Lombard Street?
Volcker: Well I read some of Bagehot, and I read a lot of Hawtrey. I remember I read a lot of Hawtrey.
Mehrling: Currency and Credit? The Art of Central Banking?
Volcker: I don't remember the names of the books, just being in London. In those days I used to read The Economist and the Financial Times, so I kept up with what was going on in the money markets.
Paul Volcker
Looking back the great American ‘stabilisation' [and boom] of 1922-1929 was really a vast attempt to destabilise the value of money in terms of human effort by means of a colossal programme of investment [driven by too easy credit]... which succeeded for a surprisingly long period, but which no human ingenuity could have managed to direct indefinitely on sound and balanced lines. [and therefore it ended dramatically in the huge 1929 stock market crash followed by the Great Depression. ].
Dennis Holme Robertson
Since the 1980s, the American business cycle has been based on financial and credit bubbles, and therefore on the enrichment, through the capital markets, of a very small number of people in a very few places. Truly we have become a 'trickle-down economy' - as we were not before. A rising tide may lift all boats, but recent business cycles have been more like waves, whereby certain sectors and areas ride the peaks before crashing to the shore. This is a sign, surely, not of the social evil of inequality per se but of the instability of bubble economies, closely associated with inequality of income, wealth, and power, for which we now pay a fearsome price.
James K. Galbraith
The operations in the Marshall Islands carried out by the forces under Vice Admiral Spruance were characterized by excellent planning and by almost perfect timing in the execution of those plans. The entire operation was a full credit to those who participated, and it is a noteworthy example of the results that may be expected from good staff work.
Ernest King
I credit my plant-based diet with giving me the energy and stamina to help carry my teams to four NBA championship wins. ... Veganism has become a transformative part of my life and I have made it my mission to share the power of plant-based eating with the world. ... Vegan eating is not just a slam dunk for human health; it's also the most effective way to combat climate change, according to a 2010 report by the United Nations. ... going vegan is one of the best things a person can do for their health, for animals, and for the environment.
John Salley
Nay, it has come to this, that Truth meets no where with stronger opposition, than from many of those that raise the loudest cry about it, and would be taken for no less than the only dispensers of the favors and oracles of Heaven. If any has the firmness to touch the minutest thing that brings them Gain or Credit, he's presently pursued with the hue and cry of Heresy.
John Toland
In spite of several plus points to their credit – like the wisdom, courage, and sagacity of Draupadi, Tara and Damayanti, the keen and lively interest they evinced in their surroundings and also the part played by the former two in the management of their respective realms, the strong sense of duty, love and loyalty to their respective husbands as shown by Kunti, Mandodari and Shakuntala, the carving for knowledge as expressed by Maitreyi – none of them is a model for Hindu women.
Kunti
Let the power of running be in my thighs, let me never grow tired! Let there be strength in my arms, let me stretch my arms wide, let my arms never become weak! Moving like the sunlight, like Inana, like the seven storms, those of Iškur, let me leap like a flame, blaze like lightning! Let me go wherever I look to, set foot wherever I cast my glance, reach wherever my heart desires and let me loosen my shoes in whatever place my heart has named to me! When Utu lets me reach Kulaba my city, let him who curses me have no joy thereof; let him who wishes to strive with me never say "Just let him come!" I shall have the woodcarvers fashion statues of you, and you will be breathtaking to look upon. Your name will be made famous thereby in Sumer and will redound to the credit of the temples of the great gods.
Lugalbanda
We know little of the lives of others, but we are apt to think that other people understand our own very well, including our good deeds if we have done any, and we expect full measure of credit for these, and the utmost allowance of charity for our sins. In other words we desire our neighbour to combine a power of forgiveness almost divine with a capacity for flattery more than parasitic.
Francis Marion Crawford
Another reason is because industry is the most important field of human activity, and management is the fundamental element in industry. It is now generally recognized that not bankers, not stockholders, but management is the pivot of business success. It is good management that draws credit, that draws workers, that draws customers. Moreover, whatever changes should come, whether industry is owned by individual capitalists, or by the State, or by the workers, it will always have to be managed. Management is a permanent function of business.
Mary Parker Follett
