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"There has been talk in Europe about American hegemony being somehow based upon the use of the dollar in the world. I just don't see that connection at all."
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"The grass always seems greener on the other side of the fence. Many politicians promise green, green grass by blending niceties with delusion and by using alluring confidence tricks. They voice attractive tales and tell things, people like to hear. But the post-factual grassland often appears to be parched and barren. ['The grass was greener over there']"
"The most courageous act in politics is to try to understand your opponent."
"A kingdom founded on injustice never lasts."
"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
"Very few USA citizens realize that the USA corporate military is regarded by many to be both a domestic and international terrorist organization."
"A punishment to some, to some a gift, and to many a favor."
"Both political parties have moved to the right during the neoliberal period. Today's New Democrats are pretty much what used to be called "moderate Republicans. The "political revolution that Bernie Sanders called for, rightly, would not have greatly surprised Dwight Eisenhower.The fate of the minimum wage illustrates what has been happening. Through the periods of high and egalitarian growth in the '50s and '60s, the minimum wage-which sets a floor for other wages-tracked productivity. That ended with the onset of neoliberal doctrine. Since then, the minimum wage has stagnated (in real value). Had it continued as before, it would probably be close to $20 per hour. Today, it is considered a political revolution to raise it to $15."
"I think maybe the classic formulation was by David Hume in "Of the First Principles of Government," where he pointed out that "Force is always on the side of the governed." Whether it's a military society, a partially free society, or what we - not he - would call a totalitarian state, it's the governed who have the power. And the rulers have to find ways to keep them from using their power. Force has its limits, so they have to use persuasion. They have to somehow find ways to convince people to accept authority. If they aren't able to do that, the whole thing is going to collapse."
Explore more quotes by Robert C. Solomon
"The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items."
"On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States."
"So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments."
"There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries."
"Love can be understood only "from the inside," as a language can be understood only by someone who speaks it, as a world can be understood only by someone who lives in it."
"The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure."
"The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85."
"In the United States, securities markets are much more developed than they are in Europe."
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