Exchange Rates Quotes

It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.

If there were no debts in our money system, there wouldn't be any money.

Inflation is one form of taxation that can be imposed without legislation.

Economies that are open to trade grow faster.

China needs a currency that reflects underlying economic fundamentals.

The world is constantly in a race to the top, in terms of there's a limited amount of capital and you've got to figure where it's going. And if your currency is weakening, that means you're paying a load.

There are two types of depreciation. There is one where you're manipulating currencies. And that's not what Japan is doing.

In general, global economic growth supports Russian economy.

When a nation devalues its currency, it, in effect, increases its tariffs.

That's probably good, all things being equal, for emerging markets, not bad, even though it may not be great for all their currencies.

Monetary policy is not a panacea.

My job was to teach the whole corpus of economic theory, but there were two subjects in which I was especially interested, namely, the economics of mass unemployment and international economics.

Inflation destroys savings, impedes planning, and discourages investment. That means less productivity and a lower standard of living.

An economy is not a complicated thing; it just has a lot of moving parts.

All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.

People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.

Like air traffic, the free movement of capital needs controls.

To investors, job creation is a second-order effect. Market participants care first about interest rates, exchange rates, bond prices and the one great factor that affects all three: the long-term solvency of a bond company called the U.S. government.

Large sums were paid for the use of money, because the available amount of gold and silver was far less than was needed to carry on the commercial transactions of the times.

We have a government that purposely counterfeits and debases the currencies, and I believe that the alternative would be a competition. That means that anything that wants to substitute for the American dollar should be permitted.

At the time of the formation of the euro, I would say most American economists said that's not a good idea; that's not a currency area that makes sense. And the answer from Europe was, 'How is Missouri and Mississippi a currency area?' But the flaw in that was not recognizing the importance of mobility.

The chief duty of the National Government in connection with the currency of the country is to coin money and declare its value.

If by carelessness in controlling inflation and imposing controls on our general economy we are unable to meet these temporary but vital calls upon us, we will be courting real disaster.

Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.

In stabilizing the macroeconomic environment, we have focused on aligning fiscal with monetary policy and nudging the central bank toward the objective of more market-determined exchange rates.