Money & Finance: Money Quotes

"A rise in wages, from an alteration in the value of money, produces a general effect on price, and for that reason it produces no real effect whatever on profits"

David Ricardo, Economist

"Well, I think the reality is that as you study - when President Kennedy cut marginal tax rates, when Ronald Reagan cut marginal tax rates, when President Bush imposed those tax cuts, they actually generated economic growth. They expanded the economy. They expand tax revenues"

Mike Pence, Politician

"I mean, the reality is unemployment today - over 14 million Americans are unemployed. That's exactly what it was a year ago. I mean, this - the American people know we can't borrow and spend and bail our way back to a growing economy"

Mike Pence, Politician

"I lost $35,000 in less than a week at the Mirage in Las Vegas"

Dennis Rodman, Athlete

"We've not had one Republican president in 34 years balance the budget. You can't trust right-wing Republicans with your money. You ought to hire somebody who has balanced a budget. I'm much more conservative with money than George Bush is"

Howard Dean, Politician

"I think most people... would be glad to pay the same taxes they paid when Bill Clinton was president, if only they could have the same economy they had when Bill Clinton was president"

Howard Dean, Politician

"A rise of wages from this cause will, indeed, be invariably accompanied by a rise in the price of commodities; but in such cases, it will be found that labour and all commodities have not varied in regard to each other, and that the variation has been confined to money"

David Ricardo, Economist

"The reality is that during the Reagan years, for instance, we doubled the amount of revenue that we were sending to Washington, D.C. after the tax cuts took effect"

Mike Pence, Politician

"The American people know what's necessary to get this economy moving again. It's fiscal discipline in Washington, D.C. and across-the-board tax relief for working families, small businesses and family farms"

Mike Pence, Politician

"But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed"

David Ricardo, Economist

"I think the recovery hasn't been stronger because the hole that was dug for President Obama by the Bush administration was far worse than anybody could imagine, first of all"

Howard Dean, Politician

"In stating the principles which regulate exchangeable value and price, we should carefully distinguish between those variations which belong to the commodity itself, and those which are occasioned by a variation in the medium in which value is estimated, or price expressed"

David Ricardo, Economist

"As the revenue of the farmer is realized in raw produce, or in the value of raw produce, he is interested, as well as the landlord, in its high exchangeable value, but a low price of produce may be compensated to him by a great additional quantity"

David Ricardo, Economist

"When goods are exchanged between countries, they must be paid for by commodities or gold. They cannot be paid for by the notes, certificates, and checks of the purchaser's country, since these are of value only in the country of issue"

Carroll Quigley, Writer

"Thus, the use of fiat money is more justifiable in financing a depression than in financing a war"

Carroll Quigley, Writer

"The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally"

Carroll Quigley, Writer

"In addition to their power over government based on government financing and personal influence, bankers could steer governments in ways they wished them to go by other pressures"

Carroll Quigley, Writer

"I support transitioning from the progressive tax to a flat tax system - both individual and corporate/business"

Allen West, Politician

"To reduce deficit spending and our enormous debt, you reign in spending. You cut the budget. You don't take more from the private sector and grow government with it. And that's exactly what Obama has in mind with this expiration of Bush tax cuts proposal of his"

Sarah Palin, Politician

"A tax loophole is something that benefits the other guy. If it benefits you, it is tax reform"

Russell B. Long, Politician

"A balanced program for tax reform based upon the common sense idea of lowering taxes out of surplus revenues"

Andrew Mellon, Businessman

"The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product"

Martin Feldstein, Economist

"The more competitive value of the dollar turned around the trade deficit"

Martin Feldstein, Economist

"The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both the long run and during the transition to a more competitive dollar"

Martin Feldstein, Economist

"First, I think the science of monetary economics has clearly gotten better"

Martin Feldstein, Economist

"But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988"

Martin Feldstein, Economist

"Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit"

Martin Feldstein, Economist

"Money changes all the iron rules into rubber bands"

Ryszard Kapuscinski, Journalist

"I think we are not serious about attacking the long-term debt problem, and that's one of the things that he's going to have to find a way to get on the agenda"

Michael Bloomberg, Politician

"I think that over the last few decades, we have seen better economic outcomes than in the past"

Martin Feldstein, Economist

"On Capitol Hill, House Republicans have been doing our part. We've been hard at work developing policies that will help empower all Americans. We're beginning to see results. We reduced taxes for everyone"

Dennis Hastert, Politician

"You know, if you look back in the 1930s, the money went to infrastructure. The bridges, the municipal buildings, the roads, those were all built with stimulus money spent on infrastructure. This stimulus bill has fundamentally gone, started out with a $500 rebate check, remember. That went to buy flat-screen TVs made in China"

Michael Bloomberg, Politician

"Our economy is robust and will remain strong as more Americans who want a job find one. Republican economic policies based on tax relief are working for the American people"

Dennis Hastert, Politician

"I think that we have a responsibility to make certain that we are fiscally responsible in order to assure, frankly, future generations don't have to pay our bills"

Carol Moseley Braun, Politician

"If you or me go to the gas station to fill up our car and it costs us much more than we expected, it will zap our discretionary income. We won't have the extra money to buy that washing machine or new winter coat-all big ticket items that are important to economic growth"

Maria Bartiromo, Journalist

"The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit"

Martin Feldstein, Economist

"We're charging what we're worth and we don't think we're worth $22.50. We take a lower cut than Pearl Jam"

Tre Cool, Musician

"The way I grew up, I was always taught that it's uncouth to talk about money, and that's not what should inspire you"

Justin Timberlake, Musician

"Everyone can get a little sloppy with cash, and it's smart to notice. But what's squeezing you is the big stuff you ladle onto your credit cards"

Jane Bryant Quinn, Journalist

"Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today"

Martin Feldstein, Economist

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