The dreams of "leaving it up to the market" or of returning to a politically neutral gold standard cannot succeed because the nature of the monetary system has a profound impact on the interests of powerful groups and states. Affected groups and states will always try to intervene in the operation of the system to make it serve their interests.
Robert GilpinRelated topics
gold intervene leaving market nature operation serve try StatesRelated quotes
In this book, I try to understand the challenge presented by the prospect of superintelligence, and how we might best respond. This is quite possibly the most important and most daunting challenge humanity has ever faced. And-whether we succeed or fail-it is probably the last challenge we will ever face.
Nick Bostrom
Whoever controls the volume of money in any country is absolute master of all industry and commerce.... And when you realize the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.
James A. Garfield
We need to live life not only for ourselves. Pray quietly for everyone. Do not reject or humiliate anyone. Our thoughts and words have a powerful impact on the world around us. Pray with tears for everyone - for the sick, the weak, for the sinners. Pray for those who have no one to pray for them.
Nikolay Guryanov
The reason there is very little support for the gold standard is the consequences of those types of market adjustments are not considered to be appropriate in the 20th and 21st century. I am one of the rare people who have still some nostalgic view about the old gold standard, as you know, but I must tell you, I am in a very small minority among my colleagues on that issue.
Alan Greenspan
No one -- no one -- has given more for our freedom and our security than our Gold Star families. ... They represent the very best of our country. They continue to inspire us every day, every moment. They serve as a powerful reminder of the true strength of America. We have to do everything we can for those families, and honor them, and be humbled by them.
Barack Obama