"To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve"
- Robert C. Solomon
About this Quote
In this quote, Robert C. Solomon is recommending that the United States' impact all over the world is not mostly due to the reality that countries utilize the dollar as their significant reserve. He is implying that the United States' influence is based on other elements, such as its military power, financial strength, and political clout. He is likewise recommending that the term "hegemony" is not a proper word to explain the United States' impact. He is indicating that the United States' influence is not based on supremacy or control, however rather on its capability to influence other countries through its power and influence. This quote suggests that the United States' impact is not based exclusively on its currency, but rather on its capability to form global occasions and policies.
"Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command the public, will it receive the public dollar and succeed"
"I went to school at this log school house. A white woman was my teacher, I do not remember her name. My father had to pay her one dollar a month for me. Us kids that went to school did not have desks, we used slates and set on the hued down logs for seats"
"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"
"The man who will use his skill and constructive imagination to see how much he can give for a dollar, instead of how little he can give for a dollar, is bound to succeed"
"Stock prices have been quoted in fractions for two centuries, based on a system descended from Spanish pieces of eight. Each dollar was cut into eight bits worth 12.5 cents each"
