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Finance Quotes
"It is a sound principle of finance, and a still sounder principle of government, that those who have the duty of expending the revenue of a country should also be saddled with the responsibility of levying and providing it."
47
"It is no more appropriate to speak of a difference between the purchasing power of money in Germany and in Austria than it would be justifiable to conclude from differences between the prices charged by hotels on the peaks and in the valleys of the Alps that the objective exchange-value of money is different in the two situations and to formulate some such proposition as that the purchasing power of money varies inversely with the height above sea-level. The purchasing power of money is the same everywhere, only the commodities offered are not the same."
47
"The problem of how we finance the welfare state should not obscure a separate issue: if each person thinks he has an inalienable right to welfare, no matter what happens to the world, that's not equity, it's just creating a society where you can't ask anything of people."
46
"We believe that the Federal Reserve has to carry on with a progressive increase in interest rates as a consequence of the American economy."
46
"It's hard to exaggerate the importance of preserving the financial integrity of Social Security."
46
"If the objective exchange-value of money must always be linked with a pre-existing market exchange-ratio between money and other economic goods (since otherwise individuals would not be in a position to estimate the value of the money), it follows that an object cannot be used as money unless, at the moment when its use as money begins, it already possesses an objective exchange-value based on some other use."
46
"It is true that the speculator may happen to go astray in his estimate of future prices. What is usually overlooked in considering this possibility is that under the given conditions it is far beyond the capacities of most people to foresee the future any more correctly. If this were not so, the opposing group of buyers or sellers would have got the upper hand in the market. The fact that the opinion accepted by the market has later proved to be false is lamented by nobody with more genuine sorrow than by the speculators who held it. They do not err of malice prepense; after all, their object is to make profits, not losses."
46
"A penny saved is not a penny earned if at the end of the day you still owe a quarter."
45
"The thing is, I don't believe in most of what's done. The amount of financial and imaginative energy that's put into mediocrity is just amazing which I find to be fundamentally offensive as a human being."
45
"Of course I've already taken a very modest position on the monetary system, I do take the position that we should just end the Fed."
45
"Well private money can take risks in a way that government money often isn't willing to."
45
"As you know, Social Security functions under the premise that today's workers will help finance benefits for retirees and that these workers will then be supported by the next generation of workers paying into the same system."
44
"All I can do is assess the value from Manchester United perspective. Whatever Chelsea do, they may have a different criteria, and different financial assets."
44
"We have brought two hundred million people into the banking system through the Jan Dhan Yojana. This is more than the population of most countries in the world. Now, these millions are part of our banking system, and words like 'interest rate' have a meaning for them."
44
"I wanted to make Jerusalem as feature film. But we couldn't finance it only through theatrical release, we couldn't get all the money we needed. We had to get some money from television. So we said, ok, let's do it both ways. So we did it in four parts."
43
"If you go back to the time of J.P. Morgan, the world of high finance was completely wholesale. The prestigious investment banks on Wall Street appealed exclusively to large corporations, governments, and to extremely wealthy individuals."
43
"Thirty to 40 years ago, most financial decisions were fairly simple."
43
"I don't think that a mutual fund that invests exclusively in biotech start-ups or invests exclusively in companies in Thailand offers any great safety or diversification."
43
"Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal."
42
"To be fair, lying is part and parcel of public life. Every politician has lied about something because they are owned by the special interest groups that finance their elections."
42
"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."
42
"A man with nothing to lend should refrain from borrowing."
42
"Invested wisely, time produces a good return. Invested poorly, it has little or no value and is therefore wasted."
42
"So, for example, a country was into recession right after I was sworn in, a dot-com bust had taken place. Then the attacks of September the 11th, and then of course the great financial meltdown in the -the fundamental question facing any presidency is how do you deal with the hand you're dealt?"
42
"Poor is the man who does not know his own intrinsic worth and tends to measure everything by relative value. A man of financial wealth who values himself by his financial net worth is poorer than a poor man who values himself by his intrinsic self worth."
41
"The whole financial industry is consolidating in the United States."
41
"Prices are going up. Unemployment is continue to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system."
41
"Paper currency has hitherto been regarded with suspicion, as insecure."
40
"Financial crises require governments."
40
"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."
40
"I certainly want campaign finance reform. I just wish this would do it in a way that would stand up to a constitutional challenge."
40
"Given the professionalism of Michigan teachers, I think they're not teaching because of the financial rewards."
40
"Most cases, I would say, in a huge amount of cases, countries that have worked with us and have used our financial facilities have come out quick... more quickly and in a better shape from a crisis than would have come out otherwise."
40
"When individuals are exchanging present goods against future goods they do not take account in their valuations of Variations in the objective exchange-value of money. Lenders and borrowers are not in the habit of allowing for possible future fluctuations in the objective exchange-value of money."
40
"Let's not overlook, though, what we do know about the campaign finance scandal, and the fact the Chinese were involved in our presidential campaign and our congressional campaigns."
39
"Our investments in data, Internet and international have been particularly timely and have positioned the company to post industry-leading incremental revenue gains."
39
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