Currency Quotes - page 3
I am sure that entering the exchange rate mechanism was absolutely right and is still right. I regret that we did not do so five years earlier, but that is history. Economic monetary union must come as soon as possible, and with it the single currency. Industry wants the single currency, and we must pay attention to the requests and demands of industry.
Edward Heath
I do not believe that we can make progress in European appeasement if we allow the impression to gain currency abroad that we yield to constant pressure. I am certain in my own mind that progress depends above all on the temper of the nation, and that temper must find expression in a firm spirit. This spirit I am confident is there. Not to give voice it is I believe fair neither to this country nor to the world.
Anthony Eden
If the world as a whole returned to the gold standard there would be such fluctuations in the value of gold that it would very soon prove impractical.
Today an international gold standard could only mean that a few countries would maintain a real gold standard. The other countries would hang on to the system through a gold exchange standard - where the currency isn't really redeemable in gold but the government attempts to keep a fixed rate between its currency and gold.
Friedrich Hayek
I would summarize the Keynesian view in terms of four points:1. Economies sometimes produce much less than they could, and employ many fewer workers than they should, because there just isn't enough spending. Such episodes can happen for a variety of reasons; the question is how to respond.
2. There are normally forces that tend to push the economy back toward full employment. But they work slowly; a hands-off policy toward depressed economies means accepting a long, unnecessary period of pain.
3. It is often possible to drastically shorten this period of pain and greatly reduce the human and financial losses by "printing money”, using the central bank's power of currency creation to push interest rates down.
4. Sometimes, however, monetary policy loses its effectiveness, especially when rates are close to zero. In that case temporary deficit spending can provide a useful boost. And conversely, fiscal austerity in a depressed economy imposes large economic losses.
Paul Krugman
Our presence will serve as an incentive for al Qaeda to grow in numbers and motivate more suicide bombers. An indefinite presence, whether in Iraq, Afghanistan, or Pakistan, will continue to drain our financial resources, undermine our national defense, demoralize our military and exacerbate our financial crisis. All this will be welcomed by Osama Bin Laden, just as he planned it. It's actually more than he had hoped for. [...] The war in Afghanistan and Pakistan will be much bigger, unless the dollar follows the path of the dollar-based world financial system and collapses into runaway inflation. In this case, the laws of economics and the realities of history will prove superior to the madness of maintaining a world empire financed by scraps of paper. Our military prowess, backed by a nuclear arsenal, will not suffice in overcoming the tragedy of a currency crisis. Soviet nukes did not preserve its empire or the communist economy.
Ron Paul
The politician is much nearer in type to the barrister and advocate than to the scientist...The advocate and the politician are more interested in persuasion than in proof. They have a client or a policy to defend. The political audience is not dishonest in itself, nor does it desire or approve dishonesty or misrepresentation in others, but it is an audience only imperfectly prepared to follow a close argument, and the speaker wishes to make a favourable impression, to secure support for a policy. It is easy to see how this may lead to the depreciation of the verbal currency and to the circulation of promises which cannot be cashed.
Stanley Baldwin
You look at the plan to increase the efforts to prop up the single currency with an ever denser system of integration, with more and more regulation about all sorts of social and economic issues which will impact directly on this country, I think the risk is increasingly in staying in the project. I think the best thing we can do is show a lead, show an example and strike out for freedom.
Boris Johnson
Our host received a piece of paper from my familiar spirit. I asked if he were giving him a check or note to pay the bill. He answered no, that he had settled the account with a poem.
"What? A poem?" I asked. "Are innkeepers curious about rhymes?"
"It's the local currency," he answered. "The sextain I've just given him will cover our expenses. I wasn't afraid of coming up short. Even if we'd spent a week in luxury, it wouldn't have cost a sonnet, and I have four on me. Along with two epigrams, two odes and an eclogue."
Cyrano de Bergerac
When I do ties, I bid them out. And I go all over the place. You have companies over in different countries where they devalue their currency and they make it impossible for American companies to compete. The hat, Make America Great Again. I fought like crazy to find a company in this country that could make the hats. And I found one. And they're American-made, but it's -- because I knew the first thing people would do is, where is the hat made. OK, Make America Great.
Donald Trump
Obama-Clinton economic policies have produced 1.2 percent economic growth, the weakest so-called recovery since the Great Depression. Now, this is, like, unbelievable - 1.2. Do you know China goes to 7 percent or 8 percent, it's like a national catastrophe. Now, what they do is they cut their currency. They devalue their currency, and big league, and then all of our businesses continue to be drained out of the United States. Our money, our jobs. They make our product, they sell our product to us. No tax, no nothing, you devalue - see devaluing is sort of cheating.
Donald Trump
