Monetary Consequences Quotes

One of the simplest ways to get an idea of one trillion dollars is to consider the amount in terms of the passage of time. One million seconds is equal to roughly eleven days and twelve hours, and one billion seconds is thirty-two years. One trillion seconds equals thirty-two thousand years.

If I had to say how much I've paid in fines over my career, I'm sure it's over $500,000, going toward $1 million.

We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.

We must inflict upon terrorists and their families critical economic harm.

War has generally had grave and fateful consequences for the American monetary and financial system. We have seen that the Revolutionary War occasioned a mass of depreciated fiat paper, worthless Continentals, a huge public debt, and the beginnings of central banking in the Bank of North America.

Money is like poetry because both involve learning to communicate in a compressed language that packs a lot of meaning and consequence into the minimum semantic space.

A banker can write a bad poem and no one thinks anything about it. But let a poet write a single bad check and he is in trouble.

Every fight has pressure. Because, if you don't win, you're not getting paid as much the next fight.