Depreciation Quotes
Ten years ago the incoming Conservative Government found the national finances in good order. .... What do we find to-day? Expenditure and indebtedness have been piled up, the income-tax stands at a shilling, war taxes are continued in peace time, the national credit is impaired, and a heavy depreciation has taken place in securities of every description. You only have to look around to see the result. Industry is burdened, enterprise is restricted, workmen are thrown out of employment, and the poorer classes are straitened still further in their circumstances.
Henry Campbell-Bannerman
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
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 shattering of modern culture is the result, on the plane of ideological struggle, of the chaotic crisis of these antagonisms. The new desires that are taking shape are presented in distorted form: present-day resources could enable them to be fulfilled, but the anachronistic economic structure is incapable of developing these resources to such ends. Ruling-class ideology has meanwhile lost all coherence because of the depreciation of its successive conceptions of the world (a depreciation which leads the ruling class to historical indecision and uncertainty); because of the coexistence of a range of mutually contradictory reactionary ideologies (such as Christianity and social-democracy); and because of the mixing into contemporary Western culture of a number of only recently appreciated features of several foreign civilizations. The main goal of ruling-class ideology is therefore to maintain this confusion.
Guy Debord
I then went on to suggest that we make a serious effort to gauge the demand over the next five to ten years, and make plans to meet that demand. In building new facilities, I suggested that we "use corporation funds for such new plants needed for armament if that gives us better control over same from the long term position in relation to the master plan." Accelerated depreciation made the use of corporate funds all the more feasible, and relieved the government of the necessity of providing capital for the plants.
Alfred P. Sloan
Today we are practically living a trade war, a currency war because the exchange rate today is one of the important factors to determine the competitiveness or not of products. Generalized currency depreciation in my view is an explicit strategy used by countries and that threatens us.
Guido Mantega
... but I am under no apprehension of a capital injury from any other source than that of the continual depreciation of our Money.
This indeed is truly alarming, and of so serious a nature that every other effort is in vain unless something can be done to restore its credit.
..
Where this has been the policy (in Connecticut for instance) the prices of every article have fallen and the money consequently is in demand; but in the other States you can scarce get a single thing for it, and yet it is with-held from the public by speculators, while every thing that can be useful to the public is engrossed by this tribe of black gentry, who work more effectually against us that the enemys Arms; and are a hundd. times more dangerous to our liberties and the great cause we are engaged in.
George Washington
