Exchange Quotes - page 13
I knew the Classics, but disliked them. What I enjoyed were the romances of Old China, and especially stories of rebellions. I read the Yo Fei Chuan, Shui Hu Chuan, Fan T'ang, San Kuo, and Hsi Yu Chi, while still very young, and despite the vigilance of my old teacher, who hated these outlawed books and called them wicked. I used to read them in school, covering them up with a Classic when the teacher walked past. So also did most of my schoolmates. We learned many of the stories almost by heart, and discussed and re-discussed them many times. We knew more of them than the old men of the village, who also loved them and used to exchange stories with us. I believe that perhaps I was much influenced by such books, read at an impressionable age.
Mao Zedong
I do not mean that selling is ignored. Far from it. But selling, again, is not marketing. As already pointed out, selling concerns it with the tricks and techniques of getting people to exchange their cash for your product. It is not concerned with the values that the exchange is all about. And it does not, as marketing invariably does, view the entire business process as consisting of a tightly integrated effort to discover, create, arouse, and satisfy customer needs. The customer is somebody "out there" who, with proper cunning, can be separated from his loose change.
Theodore Levitt
The paper develops a simple macroeconomic framework for the study of exchange rate movements. The purpose is to develop a theory that is suggestive of the observed large fluctuations in exchange rates while at the same time establishing that such exchange rate movements are consistent with rational expectations formation. In developing a formal model we draw on the role of asset markets, capital mobility, and expectations that have been emphasized in recent literature.
Rudiger Dornbusch
The most serious criticism of EMU is that by abandoning exchange rate adjustments it transfers to the labor market the task of adjusting for competitiveness and relative prices... losses in output and employment (and pressure on the European central bank to inflate) will predominate.
Rudiger Dornbusch
In figure 3 we show the money and domestic asset market equilibrium schedules for given stocks of each of the assets. Along MM the domestic money market is in equilibrium. Higher interest rates reduce money demand so that equilibrium requires a depreciation and thus a rise in the domestic currency value of foreign assets and - hence wealth. The exchange rate thus plays a balancing role by affecting the valuation of assets.
Rudiger Dornbusch
The spread-the-work schemes, in brief, rest on the same sort of illusion that we have been considering. The people who support such schemes think only of the employment they would provide for particular persons or groups; they do not stop to consider what their whole effect would be on everybody.The spread-the-work schemes rest also, as we began by pointing out, on the false assumption that there is just a fixed amount of work to be done. There could be no greater fallacy. There is no limit to the amount of work to be done as long as any human need or wish that work could fill remains unsatisfied. In a modern exchange economy, the most work will be done when prices, costs, and wages are in the best relations to each other.
Henry Hazlitt
The worker is by nature less imaginative, more level-headed than the capitalist. This is what prevents his becoming one. He is content with small gains. Trade Union officials think about the petty cash; the employer speculates in millions. You can see the difference in their representative institutions. There is no scheme too wild, no rumour too absurd, to be without repercussions on the Stock Exchange. The public house is the home of common sense.
A. J. P. Taylor
Both sides of the Taiwan Strait belong to one family. There are no Taiwanese in Taiwan and Taiwanese are all Chinese. Which Taiwanese is not Chinese? They are Chinese just like you are. We are all brothers and sisters. The more (cross-strait) exchange we have, the more mixed we will be. Then we won't be able to distinguish who's Mainland and who's Taiwanese - and we will naturally become unified.
Hsing Yun
And I can tell you as a friend that sustainable prosperity in the 21st century depends upon education, health care, and environmental protection. But it also depends on the free and open exchange of ideas. If you can't access information online, if you cannot be exposed to different points of view, you will not reach your full potential. And over time, the youth will lose hope.
Barack Obama
Women: I liked the colors of their clothing; the way they walked; the cruelty in some faces; now and then the almost pure beauty in another face, totally and enchantingly female. They had it over us: they planned much better and were better organized. While men were watching professional football or drinking beer or bowling, they, the women, were thinking about us, concentrating, studying, deciding - whether to accept us, discard us, exchange us, kill us or whether simply to leave us. In the end it hardly mattered; no matter what they did, we ended up lonely and insane.
Charles Bukowski
Families, authority, communities, and social ranks are the empirical-sociological concretization of the abstract philosophical-praxeological categories and concepts of property, production, exchange, and contract. Property and property relations do not exist apart from families and kinship relations.
Hans-Hermann Hoppe
