Anatoly Chubais Quotes

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

The power to regulate the value of money does not involve a power to dilute the value of money by inflation, an absurd and self-serving rendering.

In November, 1919, in Western Russia, the peasants would sell me nothing for money, whereas my neighbor in the train bought all he wanted in exchange for small quantities of salt.

Owing to the appalling condition of Russian transport, and owing to the fact that since 1914 Russia has been practically in a state of blockade, the towns have lost their power of supplying, either as middlemen or as producers, the simplest needs of the villages. Partly owing to this, partly again because of the condition of transport, the towns are not receiving the necessaries of life in sufficient quantities

The great fear of every patriot at this moment relates to our currency. The vast over issues of paper money have raised prices to such a pitch as to make the expenses of the Government enormous.... The poor suffer from this enormous inflation of currency. Beef is 1.25 per lb—Butter $4—Eggs 3—clothing is unobtainable ... coffee is $8—sugar 3, etc. so on. Shoes cannot be had under $50 to $60 the pr. for very common ones. God only knows where all this will stop.

The Communist bloc of old was a study in the failure of failure. Losers in the Soviet economy were the people at the end of the long lines for consumer goods. Worse losers were the people who had spent hours getting to the head of the line, only to be told that the goods were unavailable.

Well, farmers never have made money. I don't believe we can do much about it. But of course we will have to seem to be doing something; do the best we can and without much hope. The life of the farmer has its compensations but it has always been one of hardship.

When the loo paper gets thicker and the writing paper thinner, it's always a bad sign, at home.

The food shortages and high prices have certainly sparked the world media's attention, particularly since they're coming in such diverse places, being everywhere from Haiti, to Senegal, to Bangladesh, to Egypt - a range of countries. That sort of caught the media off guard, and serves the media's prurient interests insofar as "it bleeds, and so it leads".

Every year I write a tax advice column and I used to always make fun of that. One year, one of my favorite IRS commissioners, I think his name was Roscoe somebody, wrote that one of the most often-asked questions by taxpayers was, "How can I contribute more?" Well, I tell ya, ol' Roscoe's really been doing situps under parked cars again. I've heard a lot of people ask a lot of questions about taxes, but I never heard anybody say, "How can I, the ordinary person, send more money for no reason?"

The U.S. is facing a structural competitiveness problem that is leading to the weakest economy we have seen in generations.

In a sluggish economy, never, ever f*** with another man's livelihood.

I don't believe in hell. I believe in unemployment, but not hell.

I think that people have been looking at 40 years of flat wages. You know, the reality is you've got folks in diners and hair shops and barber shops all over this country who look at their own lives and think, you know, "My parents did better than I'm doing and my kids might not do as well as I'm doing." And that's because wages have been slashed for so long.

Inflation is an increase in the quantity of money without a corresponding increase in the demand for money, i.e., for cash holdings.

Financial struggle is often the direct result of people working all their lives for someone else.

If inflation continues to soar, you're going to have to work like a dog just to live like one

Everyone believes that he abounds in wisdom, but is short of money.

Health without money is halfe an ague.

The world economy is in a nosedive, and understanding what I call "depression economics" - the weird world you get into when even a zero interest rate isn't low enough, and a messed-up financial system is dragging down the real economy - is essential if we're going to avoid the worst.

We have also seen an economic crisis that is very serious within Venezuela, we are seeing cutbacks, I believe even more are coming in terms of electricity. Government employees no longer work on Fridays, and that has not been enough.

The people who are filing for bankruptcy in increasing numbers every year, it's not the poorest. It's not the people at the economic fringes. It's people who worked hard and played by the rules.

Families across America are feeling the pinch as they watch debts mount, bills pile up and savings disappear.

When I had money, money, O! I knew no joy till I went poor; For many a false man as a friend Came knocking all day at my door.

Greece is a bleak, unsmiling desert, without agriculture, manufactures or commerce, apparently. What supports its poverty-stricken people or its Government, is a mystery.