top of page
.png){kind=small}
"How can you measure progress if you don't know what it costs and who has paid for it? How can the "market" put a price on things - food, clothes, electricity, running water - when it doesn't take into account the REAL cost of production?"
Standard
Customized
Exlpore more Economics quotes
"If the State uses this power systematically in order to force the community to accept a particular sort of money whose employment it desires for reasons of monetary policy, then it is actually carrying through a measure of monetary policy. The States which completed the transition to a gold standard a generation ago, did so from motives of monetary policy. They gave up the silver standard or the credit-money standard because they recognized that the behaviour of the value of silver or of credit money was unsuited to the economic policy they were following."
"A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees."
"A third group of inflationists do not deny that inflation involves serious disadvantages. Nevertheless, they think that there are higher and more important aims of economic policy than a sound monetary system. They hold that although inflation may be a great evil, yet it is not the greatest evil, and that the State might under certain circumstances find itself in a position where it would do well to oppose greater evils with the lesser evil of inflation."
"But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy."
"We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare."
"He who cares to go to the trouble of demonstrating the uselessness of index numbers for monetary theory and the concrete tasks of monetary policy will be able to select a good proportion of his weapons from the writings of the very men who invented them."
"And the reason Luke is thinking about time and free will is because he believes that money is the closest human beings have ever come to crystallizing time and free will into a compact physical form. Cash. Cash is a time crystal. Cash allows you to multiply your will, and it allows you to speed up time. Cash is what defines us as a species. Nothing else in the universe has money."
"What is thus improperly regarded as profit, instead of as part of capital, is consumed by the entrepreneur or passed on either to the consumer in the form of price-reductions that would not otherwise have been made or to the labourer in the form of higher wages, and the government proceeds to tax it as income or profits. In any case, consumption of capital results from the fact that monetary depreciation falsifies capital accounting."
"Machinery which is not used is not capital."
Explore more quotes by Arundhati Roy
"You begin to realize that hypocrisy is not a terrible thing when you see what overt fascism is compared to sort of covert, you know, communal politics which the Congress has never been shy of indulging in."
"The fact is that America's weapons systems have made it impossible for anybody to confront it militarily. So, all you have is your wits and your cunning, and your ability to fight in the way the Iraqis are fighting."
"The twins were too young to know that these were only history's henchmen. Sent to square the books and collect the dues from those who broke its laws. Impelled by feelings that were primal yet paradoxically wholly impersonal. Feelings of contempt born of inchoate, unacknowledged fear-civilization's fear of nature, men's fear of women, power's fear of powerlessness. Man's subliminal urge to destroy what he could neither subdue nor deify."
"They sensed somehow that she lived in the prenumbral shadows between two worlds, just beyond the grasp of their power. That a woman that they had already damned, now had little left to lose, and could therefore be dangerous. So on the days that the radio played Ammu's songs, people avoided her, making little loops around her, because everybody agreed that it was best to just Let Her Be."
"If you think of the world as a global village, a fight between India and Pakistan is like a fight between the poorest people in the poorest quarters - the Adivasis and the Dalits. And in the meantime, the zamindars are laying the oil pipelines and selling both parties weapons."
"Power is fortified not just by what it destroys, but also by what it creates. Not just by what it takes, but also by what it gives. And powerlessness reaffirmed not just by the helplessness of those who have lost, but also by the gratitude of those who have (or THINK they have) gained."
bottom of page