Quotes about finance (277 quotes, page 3)

“Never before in the history of our State have Oregonians had so much to be congratulated upon. No State in the Union is receiving more attention. Her agricultural products, her mild climate, her great natural resources, invite the immigrant, the capitalist and the pleasure seeker, while the sound basis upon which rest her finances, and the fact that within two years her taxable property has increased more than ten millions of dollars, clearly indicate that the State, in the face of a general business depression throughout the land, is in no danger of deterioration of decay.”

Zenas Ferry Moody (1832–1917) American politician

Zenas Ferry Moody (1885). Governor Zenas F. Moody - Biennial Message, 1885 http://records.sos.state.or.us/ORSOSWebDrawer/Recordpdf/6777838. Oregon State Archives, Oregon Secretary of State. Source: Public Documents, Biennial Message of Gov. Z.F. Moody to the Legislative Assembly, 1885, Salem, Oregon, W.H. Byars, State Printer, 1885.

Pleasure , History , Business , Nature

“Look, having nuclear—my uncle was a great professor and scientist and engineer, Dr. John Trump at MIT; good genes, very good genes, OK, very smart, the Wharton School of Finance, very good, very smart—you know, if you're a conservative Republican, if I were a liberal, if, like, OK, if I ran as a liberal Democrat, they would say I'm one of the smartest people anywhere in the world—it's true!—but when you're a conservative Republican they try—oh, do they do a number—that's why I always start off: Went to Wharton, was a good student, went there, went there, did this, built a fortune—you know I have to give my like credentials all the time, because we're a little disadvantaged—but you look at the nuclear deal, the thing that really bothers me — it would have been so easy, and it's not as important as these lives are—nuclear is powerful; my uncle explained that to me many, many years ago, the power and that was 35 years ago; he would explain the power of what's going to happen and he was right, who would have thought?—but when you look at what's going on with the four prisoners—now it used to be three, now it's four—but when it was three and even now, I would have said it's all in the messenger; fellas, and it is fellas because, you know, they don't, they haven't figured that the women are smarter right now than the men, so, you know, it's gonna take them about another 150 years—but the Persians are great negotiators, the Iranians are great negotiators, so, and they, they just killed, they just killed us.”

Donald J. Trump (1946) 45th President of the United States of America

Speech in South Carolina (19 July 2016)
2010s, 2016, July

Women , Men , People , World

“A taxation so forced as not only to maintain a budgetary equilibrium but to yield as well “large, continuous, progressive surpluses –even in years of trials and suffering –is, I submit, against all accepted canons of finance.”

Gopal Krishna Gokhale (1866–1915) social and political leader during the Indian Independence Movement

Sources of Indian Tradition

Suffering

“If you want to get to the heart of this, it's the way we finance our campaigns for the United States Senate and the House of Representatives.”

Richard Durbin (1944) U.S. senior senator from Illinois

Interview by Bill Moyers, Bill Moyers Journal, PBS, May 8, 2009. http://www.pbs.org/moyers/journal/05082009/transcript1.html

Way , Heart , Housing

“Impossible to spend sleepless nights and accomplish anything: if, in my youth, my parents had not financed my insomnias, I should surely have killed myself.”

Emil M. Cioran (1911–1995) Romanian philosopher and essayist

Anathemas and Admirations (1987)

Youth , Parent , Night

“Mr. President, in so far as special and general provisions. Your committee on Finance proposes the following.”

Francis Escudero (1969) Filipino politician

2014, Speech: Sponsorship Speech for the FY 2015 National Budget

“Inverted totalitarianism reverses things. It is all politics all of the time but a politics largely untempered by the political. Party squabbles are occasionally on public display, and there is a frantic and continuous politics among factions of the party, interest groups, competing corporate powers, and rival media concerns. And there is, of course, the culminating moment of national elections when the attention of the nation is required to make a choice of personalities rather than a choice between alternatives. What is absent is the political, the commitment to finding where the common good lies amidst the welter of well-financed, highly organized, single-minded interests rabidly seeking governmental favors and overwhelming the practices of representative government and public administration by a sea of cash.”

Sheldon S. Wolin (1922–2015) American political philosopher

Sheldon Wolin, Democracy Incorporated: Managed Democracy and the Specter of Inverted Totalitarianism (2008), p. 66

Time , Personality , Sea

“Again, when Allaudin Khalji sacked Deogiri, hundreds of Sufis betook themselves to the South and established monasteries, to finance which fat sums were extracted from the local chiefs. Hajji Sayyid alias Sarwar Makhdum, Husam ad-Din, and several other Sufis took part in offensive wars openly, on account of which they were entitled Qattal (the great slayers) and Kuffar-bhanjan (destroyers of the Kafirs). Shaykh Jalal ad-Din Tabrizi demolished a large temple and constructed a Takiyah (khanqah) at Devatalla (Deva Mahal) in Bengal…. Mir Sayyid ‘Ali Hamadani (1314-1385) began to get Hindu temples demolished and the Hindus converted by reckless use of force throughout his sojourn in Kashmir… Thanks to the influence of Hamadani’s Sufi son Mir Muhammad (b. 1372), who stepped into his father’s shoes after the latter had left Kashmir after failing to pull on well with Qutb ad-Din, Sikandar (1389-1413), a liberal Sultan of Kashmir, turned into a ferocious Sultan for the Hindus and began to be known as Sikandar Butshikan (iconoclast), and his powerful Brahmana noble Suhabhatta embraced Islam under the name Sayf ad-Din and became a terror for the Brahmanas. Guided by the teachings of Mir Muhammad, Sikandar played havoc with the Hindus through Sayf ad-Din, destroyed their temples, undertook forcible conversions, and imposed Jizyah on them for the first time in Kashmir. Indeed, he out-Aurangzebed Aurangzeb in his Hindu-persecution-mania.”

Harsh Narain (1921–1995) Indian writer

Myths of Composite Culture and Equality of Religions (1990)

War , Shoe , Time , Parting

“We will indulge in all those miscellaneous commercial operations, which when conducted on a small scale are called thieving, but a large scale, financing.”

Henry Savile Clarke (1841–1893)

Hugger-Mugger

“Enterprise resource planning (ERP) software packages have become popular means for both large and medium-sized organizations to overcome the limitations of fragmented and incompatible legacy systems. ERP systems are designed as integrated sets of software modules linked to a common database, handling basic corporate functions such as finance, human resources, materials management, sales, and distribution. Most ERP packages also provide multiple language and currency capabilities, enabling integration of global operations. The popularity of ERP is documented in a study that showed that nearly 19 percent of organizations across all industry sectors have installed ERP software, with the manufacturing sector leading the trend. The study also showed that ERP's popularity continues to rise, with 34 percent of the surveyed organizations investigating, piloting, or implementing ERP packages. Davenport characterized ERP as "the most important development in the corporate use of information technology in the 1990s"”

Jeanne W. Ross (1958) American computer scientist

Source: Learning to implement enterprise systems (2002), p. 18

Study

“Ostalgie [≈ “East German Nostalgia”] is not my kind of thing. To some, the GDR appears in a backward-looking bleary-eyed view as a palladium of social security. In truth, the GDR collapsed not least because, being economically inefficient, it could not finance its social promises.”

Günter Schabowski (1929–2015) German politician

Ostalgie ist nicht mein Ding. Manchem erscheint die DDR in rückblickender Verklärung als ein Hort sozialer Sicherheit. Tatsächlich ist die DDR nicht zuletzt daran zugrunde gegangen, dass sie infolge wirtschaftlicher Ineffizienz ihre sozialen Verheißungen nicht finanzieren konnte.
from: Mitteldeutsche Zeitung, 6 November 2004.

Truth , Nostalgia , Appearance

“The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The “purposes of the Bank” were defined as follows: “To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources””

Nico Perrone (1935) Italian historian and writer

Source: The international economy from a political to an authoritative drive, p. 130

“When the regime wanted additional industrial capacity or resources for the military economy which the private sector could not provide, it was created (or conquered) by the state… during the Third Reich state ownership expanded into the productive sectors, based on the strategic industries, aviation, aluminum, synthetic oil and rubber, chemicals, iron and steel, and army equipment. Government finances for state-owned enterprises rose from RM 4,000m in 1933 to RM 16,000m 10 years later; the capital assets of state-owned industry doubled during the same period; the number of state-owned firms topped 500.”

Richard Overy (1947) British historian

Source: War and Economy in the Third Reich (1994), p. 16

“Already London is the biggest centre for Islamic finance outside the Islamic world. But today our ambition is to go further still. Because I don’t just want London to be a great capital of Islamic finance in the Western world. I want London to stand alongside Dubai and Kuala Lumpur as one of the great capitals of Islamic finance anywhere in the world.”

David Cameron (1966) Former Prime Minister of the United Kingdom

Speech at the ninth World Islamic Economic Forum in 2013 - "World Islamic Economic Forum: Prime Minister's speech" Gov.uk (29 October 2013) https://www.gov.uk/government/speeches/world-islamic-economic-forum-prime-ministers-speech
2010s, 2013

World

“The world of finance is a mysterious world in which, incredible as the fact may appear, evaporation precedes liquidation.”

Joseph Conrad book Victory

Victory: An Island Tale (1915), part I, Ch. 1 http://books.google.com/books?id=jhVObcSHoQgC&q=%22The+world+of+finance+is+a+mysterious+world+in+which+incredible+as+the+fact+may+appear+evaporation+precedes+liquidation%22&pg=PA3#v=onepage

World , Appearance

“How can one understand the inner life of a character, real or fictional, without knowing the state of her finances?”

Ian McEwan book Sweet Tooth

Page 42.
Sweet Tooth (2012)

Life , Understanding

“If you want to be served you must draw the distinction between those who want to serve you and those who don't, and if the electors of South Lancashire and of the country generally are contented to allow this method of expenditure to go on, this Continental system of feeding the desires of classes and portions of the community at the expense of the whole—it is idle for you to satisfy yourselves with vague and general promises. … If that is to be the system on which public finance is to be administered you must be prepared to resign all hopes of remission of taxation, even in good years, and in bad years you must look for a steady augmentation of the income-tax.”

William Ewart Gladstone (1809–1898) British Liberal politician and prime minister of the United Kingdom

Speech in Leigh, Lancashire (20 October 1868), quoted in The Times (21 October 1868), p. 11.
1860s

Hope , Communication , Drawing , Country

“In the city of Agra there was a large temple, in which there were numerous idols, adorned and embellished with precious jewels and valuable pearls. It was the custom of the infidels to resort to this temple from far and near several times in each year to worship the idols, and a certain fee to the Government was fixed upon each man, for which he obtained admittance. As there was a large congress of pilgrims, a very considerable amount was realized from them, and paid into the royal treasury. This practice had been observed to the end of the reign of the Emperor Shah Jahan, and in the commencement of Aurangzeb's government; but when the latter was informed of it, he was exceedingly angry and abolished the custom. The greatest nobles of his court represented to him that a large sum was realized and paid into the public treasury, and that if it was abolished, a great reduction in the income of the state would take place. The Emperor observed, 'What you say is right, but I have considered well on the subject, and have reflected on it deeply; but if you wish to augment the revenue, there is a better plan for attaining the object by exacting the jizya. By this means idolatry will be suppressed, the Muhammadan religion and the true faith will be honoured, our proper duty will be performed, the finances of the state will be increased, and the infidels will be disgraced.”

Aurangzeb (1618–1707) Sixth Mughal Emperor

'This was highly approved by all the nobles; and the Emperor ordered all the gold en and silver idols to be broken, and the temple destroyed.
Kanzul-Mahfuz (Kanzu-l Mahfuz), in: Elliot and Dowson, Vol. VIII, pp. 38 -39.
Quotes from late medieval histories

Faith , Religion , Time

“[In] economics… you can disguise charlatanism under the weight of equations and nobody can catch you since there is no such thing as a controlled experiment. Now the spirit of such methods, called scientism by its detractors, continued into the discipline of finance as a few technicians thought their mathematical knowledge could lead them to understand markets. The practice of financial engineering came along with massive doses of pseudoscience.”

Nassim Nicholas Taleb book Fooled by Randomness

page 115
Fooled by Randomness (2001)

Mathematics , Understanding , Knowledge

“Capitalism in the twentieth century was dominated by finance, with the exception of that half of the century that was taken up by its world wars, the Great Depression and its Keynesian aftermath. Even before, in the nineteenth century, finance seduced industrial capitalism by offering a vision of capitalist reproduction expanded by the resources generated by financial inflation, ostensibly held in check by controls on the issue of paper money. The extensive and negative reaction of English political economy to Adam Smith’s views on usury was symptomatic of the expansion of financial markets and their growing confidence in their ability to contribute to commerce and industry. From Veblen through Keynes to Minsky, a series of critics of finance argued that economies do not operate in the benign way in which it appears in equilibrium economics. These critics can be divided into those like Veblen, Hawtrey, Kalecki, Steindl and Minsky, who took a general view of finance; those like Smith, Fisher and Breit, who saw the financial system as essentially a banking system; and those like Keynes, Kindleberger and Galbraith, who have identified the pathology of modern capitalism in its capital markets.”

Jan Toporowski (1950)

Theories of Financial Disturbance (2005), Ch. 15. Conclusion: the disturbance of economists by finance

Money , War , World , Way

“I do not believe in private armies but if the Fascists started a private army it might be for the Socialist and Communist Parties to do the same. When the Labour Party come into power they must act rapidly, and it will be necessary to deal with the House of Lords and the influence of the City of London. There is no doubt that we shall have to overcome opposition from Buckingham Palace and other places as well…There must not be time to allow the forces outside to gather and to exercise their influence upon the Legislature before the key-points of capitalism have been transferred to the control of the State, and I look upon these two key-points myself as being the land and finance. If other people become revolutionary, then the Socialist Government, like any other Government, must take steps to stamp out the revolution. The Socialist Government must not be mealy-mouthed about saying what they mean. They must make it perfectly clear that it is their intention to carry out the mandate they have been given by the people.”

Stafford Cripps (1889–1952) British politician

Speech to the annual conference of the University Labour Federation in Nottingham (6 January 1934), quoted in The Times (8 January 1934), p. 14.

People , Exercises , Time , Housing

“You as a Fascist stand for the small trader against the chain-store; for the peasant against the usurer; for the nation, great or small, against the super-state; for personal business against Big Business; for the craftsman against the Machine; for the creator against the middleman; for all that prospers by individual effort and creative toil, against all that prospers in the abstract air of High Finance or of the theoretic ballyhoo of Internationalism.”

Wyndham Lewis (1882–1957) writer and painter

British Union Quarterly, 1937.

Business , Effort , Personality

“Armaments and wars, usually financed by budget deficits, are also a source of this kind of profits.”

Michał Kalecki (1899–1970) Polish economist

Source: Theory of Economic Dynamics (1965), Chapter 3, The Determinants of Profits, p. 52

War

“In contrast to the natural sciences, where Isaac Newton and Albert Einstein made their major contributions, most economics masterpieces were written when the authors were middle aged. Adam Smith, Karl Marx, John Maynard Keynes, and Milton Friedman come to mind. However, Paul started much earlier, in his 20s; and, even now, his new articles influence the fields of economics and finance.”

Michael Szenberg (1934) American economist

4.Paul Samuelson is Unique.
Ten Ways to Know Paul A. Samuelson (2006)

Age , Nature , Science

“My concerts were canceled left and right. Speaking about South African Apartheid was fine, but they were suddenly afraid I might speak about American Apartheid, although I never did. Bookers told me that my shows would finance radical activities and [Reprise Records] told me they were not going to honor my recording contract. I didn’t say anything, but if I was married to a troublemaker, I must be a troublemaker. I’d already lived in exile for 10 years, and the world is free, even if some of the countries in it aren’t, so I packed my bags and left.”

Miriam Makeba (1932–2008) South African singer and civil rights activist

As quoted in Poet, J. (11 February 2009)

World , Country

“That deterioration, if you like, has to be addressed in the context of the Government being prepared to look at further programmes to see what way we can ensure that going into next year, as challenging as it may be, to see in what way we can seek to help stabilise the finances further.”

Brian Cowen (1960) Irish politician

Whatever you do, Brian, don't mention the deficit, Irish Independent, 3 December 2008, 2010-06-12 http://www.independent.ie/opinion/analysis/whatever-you-do-brian-dont-mention-the-deficit-1561099.html,
Cowen's unwillingness to clarify in the Dáil, the post budget deficit.
2008

Way , Help

“ISIS has become quite a self-financing terrorist network with their theft of oil, selling it on the black market with their destruction and seizure of antiquities, selling that on the black market, with their taking over Mosul and raiding the banks. They’ve got a source of funding, so I don’t really know. But I know that the — that Saudi individuals have certainly funded other related terrorist groups over time and also exported a lot of Wahhabi radicalism by kicking out or sending out imams and teachers to set up schools and mosques to preach that particularly harsh brand of Islam. So the Saudis have a lot that they can do to both stop and then to help.”

Hillary Clinton (1947) American politician, senator, Secretary of State, First Lady

Presidential campaign (April 12, 2015 – 2016), Speech on fighting ISIS (November 20, 2015)

School , Teachers , Time , Help

“I strongly believe that a small Jewish clique which has contempt for the mass of Jewish people worked with non-Jews to create the First World War, the Russian Revolution, and the Second World War. This Jewish/non-Jewish Elite used the First World War to secure the Balfour Declaration and the principle of the Jewish State of Israel (for which, given the genetic history of most Jewish people, there is absolutely no justification on historical grounds or any other). They then dominated the Versailles Peace Conference and created the circumstances which made the Second World War inevitable. They financed Hitler to power in 1933 and made the funds available for his rearmament.”

David Icke (1952) English writer and public speaker

Source: And the truth shall set you free p130

War , People , World , Peace

“First, there is really no sign at all of any significant reduction in unemployment without a major change in policy…Unemployment has probably levelled out but at a totally unacceptable figure. Secondly, contrary to what the Secretary of State said, the post-oil surplus prospect—not merely the post-oil prospect, because the oil will take a long time to go, but the surplus, the big balance of payments surplus, which is beginning to decline quite quickly—still looks devastating…our balance of payments is now overwhelmingly dependent on this highly temporary and massive oil surplus. Our manufacturing industry is shrunken and what remains is uncompetitive…We have a manufacturing trade deficit of approximately £11 billion, all of which has built up in the past three to four years. This is containable by oil and by nothing else. Invisibles can take care of about £4 billion or £5 billion but they cannot do the whole job. As soon as oil goes into a neutral position we are in deep trouble. Should it go into a negative position, the situation would be catastrophic…To sell off a chunk of capital assets and to use the proceeds for capital investment in the rest of the public sector might just be acceptable. However, that is not what is proposed, and what is proposed cannot be justified on any reputable theory of public finance; and when it is accompanied by a Minister using the oil—which might itself be regarded as a capital asset; certainly it is not renewable—almost entirely for current purposes, it amounts to improvident finance on a scale that makes the Prime Minister's old friend General Galtieri almost Gladstonian.”

Roy Jenkins (1920–2003) British politician, historian and writer

Speech http://hansard.millbanksystems.com/commons/1985/nov/12/industry-and-employment in the House of Commons (12 November 1985).
1980s

Change , Time , Past , Dependency

“In a cruel irony, speculators - rather then elected politicians - are the shots on crisis management. In an absurd logic, those who foster financial turbulence have been invited by the G7 Finance ministers to identify policies which attenuate financial turbulence.”

Michel Chossudovsky (1946) Canadian economist

Economic Warfare, Chapter 21, p. 327
The Globalization of Poverty and the New World Order - Second Edition - (2003)

“In short, once the RPF controlled the Rwandan state, it immediately turned its prodigious killing machine towards Zaire’s natural resources. This it may have done under cover of chasing the Hutu genocidaires, but the pillage of Zaire-the DRC worked out so well for the RPF that by the late 1990s it had “built up a self-financing war economy centered on mineral exploitation,” in the words of the UN Panel, with the pillage of resources so complete that it not only finances the RPF’s aggression, but generates annual surpluses back in Kigali as well. As the historian René Lemarchand sums up this system of blood and money: “It is difficult to avoid the conclusion that by turning a blind eye to the profits drawn from the looting of the Congo’s wealth, the international community... is tacitly encouraging a colonial enterprise in the best tradition of European imperialism.””

Edward S. Herman (1925–2017) American journalist

Of course, what is true of the “international community,” is true of academics as well.
Peterson and Herman, “Adam Jones on Rwanda and Genocide: A Reply” https://mronline.org/2010/08/14/adam-jones-on-rwanda-and-genocide-a-reply/, MR Online, August 14, 2010.
2010s

Money , War , Communication , Nature

“There's a lot of money to pay for this. It doesn't have to be U. S. taxpayer money. We are dealing with a country that can really finance its own reconstruction, and relatively soon.”

Paul Wolfowitz (1943) American politician, diplomat, and technocrat

Congressional Testimony, March 27, 2003.

Money , Country

“Barelvi’s confidence in a jihad against the British collapsed when he surveyed the extent and the magnitude of British power in India. He did the next best under the circumstances, and declared a jihad against the Sikh power in the Punjab, Kashmir and the North-West Frontier. The British on their part welcomed this change and permitted Barelvi to travel towards the border of Afghanistan at a leisurely pace, collecting money and manpower along the way. It was during this journey that Barelvi stayed with or met several Hindu princes, feigned that his fulminations against the Sikhs were a fake, and that he was going out of India in order to establish a base for fighting against the British. It is surmised that some Hindu princes took him at his word, and gave him financial help. To the Muslim princes, however, he told the truth, namely, that he was up against the Sikhs because they “do not allow the call to prayer from mosques and the killing of cows.”
Barelvi set up his base in the North-West Frontier near Afghanistan. The active assistance he expected from the Afghan king did not materialise because that country was in a mess at that time. But the British connived at the constant flow not only of a sizable manpower but also of a lot of finance. Muslim magnates in India were helping him to the hilt. His basic strategy was to conquer Kashmir before launching his major offensive against the Punjab. But he met with very little success in that direction in spite of several attempts. Finally, he met his Waterloo in 1831 when the Sikhs under Kunwar Sher Singh stormed his citadel at Balakot. The great mujahid fell in the very first battle he ever fought. His corpse along with that of his second in command was burnt, and the ashes were scattered in the winds. Muslims hail him as a shahid.”

Syed Ahmad Barelvi (1786–1831) Muslim activist

Goel, S. R. (1995). Muslim separatism: Causes and consequences.

Money , Truth , Way , Travel

“[Gladstone] gave me a long memorandum, historical in character, on the past Irish story, which seemed to be somewhat one-sided, leaving out of view the important minority and the views and feelings of the Protestant and loyal portion of the people. He explained much of his policy as to a Dublin Parliament, and as to Land purchase. I objected to the Land policy as unnecessary—the Act of 1881 had done all that was reasonable for the tenants—why adopt the policy of the rebel party, and get rid of landholders, and thus evict the English garrison as the rebels call them? I denied the value of the security for repayment. Mr G. argued that his finance arrangements would be better than present system of purchase, and that we were bound in honour to succour the landlords, which I contested. Why not go to the help of other interests in Belfast and Dublin? As to Dublin Parliament, I argued that he was making a surrender all along the line—a Dublin Parliament would work with constant friction, and would press against any barrier he might create to keep up the unity of the three Kingdoms. What of a volunteer force, and what of import duties and protection as against British goods? … I thought he placed far too much confidence in the leaders of the rebel party. I could place none in them, and the general feeling was and is that any terms made with them would not be kept, and that through them I could not hope for reconciliation with discontented and disloyal Ireland.”

John Bright (1811–1889) British Radical and Liberal statesman

Bright's diary entry (20 March 1886), quoted in G. M. Trevelyan, The Life of John Bright (London: Constable, 1913), p. 447.
1880s

People , Hope , Feeling , Confidence

“In addition to relative indifference to the fate of the euro area, Britain is more protected because of speculation the central bank may intervene directly to finance the debt … Europe is not a cash box, let alone a cashpoint.”

François Hollande (1954) 24th President of the French Republic

As quoted in "New French leader fires a broadside at Britain: You only care about the City of London, says President Hollande" http://www.dailymail.co.uk/news/article-2141040/Francois-Hollande-French-president-says-Britain-cares-City.html (8 May 2012), Daily Mail.

Fate , Indifference , Box

“The next most pressing problem was the better ordering of the finances of the Nation. Our Government was costing almost more than it was worth. It had more people on the pay roll than were necessary, all of which made expenses too much and taxes too high. This inflated condition contributed to the depression which began in 1920. But the Government expenditures have been almost cut in two, taxes have been twice reduced, and the incoming Congress will provide further reductions. Deflation has run its course and an era of business activity and general prosperity, exceeding anything ever before experienced in this country and fairly well distributed among all our people, is already at hand.”

Calvin Coolidge (1872–1933) American politician, 30th president of the United States (in office from 1923 to 1929)

1920s, Toleration and Liberalism (1925)

People , Business , Problem , Country

“I know some people look at foreign companies investing in our businesses, financing our infrastructure or taking over our football clubs and ask – shouldn’t we do something to stop it? Well, let me tell you, the answer is “no.””

David Cameron (1966) Former Prime Minister of the United Kingdom

Speech at the ninth World Islamic Economic Forum in 2013 - "World Islamic Economic Forum: Prime Minister's speech" Gov.uk (29 October 2013) https://www.gov.uk/government/speeches/world-islamic-economic-forum-prime-ministers-speech
2010s, 2013

People , Business , Football

“Fifteen years ago, I found it easy to be in favor of international capital mobility -- the free flow of investment financing from one country to another. Then it was easy to preach for an end to all systems of controls on capital that hindered this flow. Now it is harder.”

J. Bradford DeLong (1960) American economist

"Should We Still Support Untrammelled International Capital Mobility? Or are Capital Controls Less Evil than We Once Believed?", The Economists' Voice (2004)

Country

“The Gordon Equation is as close as being a physical law, like gravitation or planetary motion, as we will ever encounter in finance.”

William J. Bernstein (1948) economist

Source: The Four Pillars of Investing (2002), Chapter 2, Measuring The Beast, p. 54.

Law

“All mathematics is divided into three parts: cryptography (paid for by CIA, KGB and the like), hydrodynamics (supported by manufacturers of atomic submarines) and celestial mechanics (financed by military and by other institutions dealing with missiles, such as NASA.).”

Vladimir I. Arnold (1937–2010) Russian mathematician

"Polymathematics: is mathematics a single science or a set of arts?", in Mathematics: Frontiers and Perspectives (2000), edited by V. I. Arnold, M. Atiyah, P. Lax, and B. Mazur, pp. 403–416.

Mathematics , Support , Parting

“In America, despite the amazing rise in productivity we’ve had in the last 30 years, real wages have actually gone down. All of the increase in productivity has been taken by the finance, insurance, and real estate sector, called the FIRE sector, almost all of it by the financial sector. … So instead of having industrial capitalism a century ago, we have a finance capitalism that actually is stifling industrial capitalism here. So what Alan Greenspan and others call the postindustrial economy is really neo-feudalism. It’s a financialized economy where all of the surplus goes to the banks.”

Michael Hudson (economist) (1939) American economist

Deficit Hawks One Two Punch http://michael-hudson.com/2010/12/deficit-hawks-one-two-punch/ (December 16, 2010)
Michael-Hudson.com, 1998-

“Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments.”

John James Cowperthwaite (1915–2006) British colonial administrator

March 29, 1967, page 249.
Official Report of Proceedings of the Hong Kong Legislative Council

Money

“My thoughts were chasing each other all over the place, but nothing seemed to sort itself out. Advice, I thought. Ask his advice. On love? Finance? Career? Better stick to love, I decided, it’s what’s on your mind anyway.
And with that my mind went blank.”

Elaine Dundy (1921–2008) American journalist, actress

Part One, One
The Dud Avocado (1958)

Love

“The art and culture that is New York, communications, finance, all these things help make up New York. The rest of the country should be happy that we are what we are.”

David Dinkins (1927) former mayor of New York City

On New York as the capital of the world. Quoted in an interview by PBS http://www.pbs.org/wnet/newyork/series/interview/dinkins.html

Art , Communication , Help , Country

“Micro-finance is a wonderful opportunity for businesses. By investing a small portion of their income in micro-finance projects, they not only take an active part in business ethics, but they also gain future business partners and consumers.”

Begum Aga Khan (1963) German philanthropist

International Business and Leadership Symposium address

Business , Future , Parting

“The State can always afford to finance what its citizens can soundly produce.”

Benjamin Graham (1894–1976) American investor

Part I, Chapter III, The Problem of Conserving Surplus, p. 43 (italics as per text)
Storage and Stability (1937)

“Finance and industry must be socialized somehow.”

Henry Gantt (1861–1919) American engineer

If we refuse to do it from the bottom we shall have to do it from the top, and doing it from the top means the emergence of many Prussias — with wars upon wars.
Henry Gantt cited in: Leon Pratt Alford (1934) Henry Laurence Gantt, leader in industry. p. 265. Highlighted section quoted in: Henry Mintzberg (1994) The Rise and Fall of Strategic Planning. p. 169.

“Instead of clinging to the sardonic funeral towers of metropolitan finance, ours to march out to newly plowed fields, to create fresh patterns of political action, to alter for human purposes the perverse mechanisms or our economic regime, to conceive and to germinate fresh forms of human culture.”

Lewis Mumford (1895–1990) American historian, sociologist, philosopher of technology, and literary critic

Introduction
The Culture of Cities (1938)
Context: Today our world faces a crisis: a crisis which, if its consequences are as grave as now seems, may not fully be resolved for another century. If the destructive forces in civilization gain ascendancy, our new urban culture will be stricken in every part. Our cities, blasted and deserted, will be cemeteries for the dead: cold lairs given over to less destructive beasts than man. But we may avert that fate: perhaps only in facing such a desperate challenge can the necessary creative forces be effectually welded together. Instead of clinging to the sardonic funeral towers of metropolitan finance, ours to march out to newly plowed fields, to create fresh patterns of political action, to alter for human purposes the perverse mechanisms or our economic regime, to conceive and to germinate fresh forms of human culture.
Instead of accepting the stale cult of death that the Fascists have erected, as the proper crown for the servility and brutality that are the pillars of their states, we must erect a cult of life: life in action, as the farmer or mechanic knows it: life in expression, as the artist knows it: life as the lover feels it and the parent practices it: life as it is known to men of good will who meditate in the cloister, experiment in the laboratory, or plan intelligently in the factory or the government office.

“Despite the fact that the regime is trying to tighten its screws; and despite the fact that the regime is increasing its violence against its own people in an attempt to intimidate them into submission; and despite the fact that the regime is spending millions and millions of dollars financing its own war machine at the expense of hungry people or workers who haven't been paid their salaries for months, Iran continues to finance groups like Hezbollah in Lebanon and other places. And despite all of this, there's more disenchantment within the ranks in the regime. There are more indications of defections from within some of its coercive forces, all of which indicates a very delicate and fragile situation within the regime that has not been so vulnerable ever since its creation. That is, I think, an opportunity -- not only for the people, but I think in a way for the rest of the world. If we miss this opportunity and allow this regime to regroup and continue on its path, then we have with our own hands contributed to the regime’s survival and then we have to live with the consequences.”

Reza Pahlavi (1960) Last crown prince of the former Imperial State of Iran

As quoted by Felice Friedson, Iranian Crown Prince: Ahmadinejad's regime is "delicate and fragile" http://www.rezapahlavi.org/details_article.php?article=459&page=2, August 12, 2010.
Interviews, 2010

War , People , World , Way

“Our legislators have not yet learned the comparative value of free-trade and of freedom, of union, and of rectitude, to a nation. They have no genius or talent for comparatively humble questions of taxation and finance, commerce and manufacturers and agriculture. ”

Henry David Thoreau (1817–1862) 1817-1862 American poet, essayist, naturalist, and abolitionist

Question , Freedom , Learning

“Zionists today not only control the entire world finance and media but the entire Government of the United States of America. Nothing can happen in the world without the sanction of the zionist leadership.”

V. T. Rajshekar (1932) Indian conspiracy theorist

Brahminism. (2015) Gyan Publishing House, Annexure I

World

“We could lead the world in environmentally-responsible exploitation of vital seabed minerals. We have the engineers, the marine scientists, the ecologists, the finance industry. We have the offshore oil and gas expertise. We have high, respected environmental standards ... A little push now means vast rewards in a few years’ time.”

Sheryll Murray (1956) British politician

Written in an article on PoliticsHome. Sheryll Murray MP: If we want clean energy we need the raw materials https://www.politicshome.com/news/uk/technology/opinion/house-commons/101986/sheryll-murray-mp-if-we-want-clean-energy-we-need (20 February 2019)
2019

World , Time

“I have realised from the first that if it could not be proved that social reform (not Socialism) can be financed on a Free Trade line, a return to Protection is a moral certainty.”

H. H. Asquith (1852–1928) Former Prime Minister of the United Kingdom

Letter to John Strachey (9 May 1908), quoted in H. C. G. Matthew, The Liberal Imperialists: The Ideas and Politics of a Post-Gladstonian Élite (Oxford: Oxford University Press, 1973), p. 257
Prime Minister

“I worked as a medical illustrator for about ten years. It was not my career ambition; it was a way to finance my addiction to art and support my family. Medical illustration gave me the opportunity to investigate and portray the bodily systems in dramatic ways. Prior to my work as a medical illustrator, I prepared bodies at a medical-school morgue, which provided important training for understanding the fleeting nature of life. It also provided unforgettable studies into the iridescent, fibrous architecture that forms our physical body.”

Alex Grey (1953) American artist

High Times interview (2002)

School , Family , Study , Understanding

“Few talk or think about Iraq these days; the media ignores this important but demolished nation. Iraq, let us recall, was the target of a major western aggression concocted by George W Bush, Dick Cheney and Britain’s Tony Blair, and financed and encouraged by the Gulf oil sheikdoms and Saudi Arabia.”

Eric Margolis (journalist) (1942) American journalist

Thinking

“The next step is a political settlement at the UN in Geneva. We need to form a constitutional committee now. Progress is not easy, but we are still moving forward. I hope that we will move ahead with our partners in this area. We all need to be on the alert, not underestimate the threats, and step up our joint work to combat terrorism, the ideology of terrorism and the financing of terrorism.”

Vladimir Putin (1952) President of Russia, former Prime Minister

Source: Cooperation, Terrorism, UK & USA, President Trump, Resolving Conflict, Defense, Crimea, The Media, Nuclear Weapons Policy: 15th Plenary Session (18 October 2018)

Hope

“So the Jews have problems with finances, only such a thing could happen in Crimea.”

Vladimir Putin (1952) President of Russia, former Prime Minister

Quoted in Putin Makes Joke About Jews and Money, Speaks Hebrew https://www.haaretz.com/israel-news/putin-makes-joke-about-jews-and-money-speaks-hebrew-1.7041106 (20 March 2019)
2019

Problem

“His master stroke was to appoint Manmohan Singh as finance minister. He wanted a non-political reformer at the centre of decision-making, who could be backed or dumped as required. He presented Singh as the spearhead of reform while he himself advocated a middle path. Yet, ultimately, it was his vision that Singh executed.”

P. V. Narasimha Rao (1921–2004) Indian politician

Unsung hero of the India story

Making love , Decision

“Last August 4th, I was a victim of a terrorist attack with drones that tried to kill me in a military event on one of the main avenues in Caracas. If it had been executed as planned, it would have been a massacre, an assassination of the institutional, political and military high command of our nation…. the terrorists… who attacked me… were captured by the security… agencies. The 28 perpetrators were captured…are convicted and sentenced. As I informed… different governments of the world, all the investigations about that terrorist attack indicate that it was prepared, financed and planned in the territory of United States of America… I would like to ask the United Nations system to appoint a special delegate of the Secretariat of the United Nations to conduct an independent investigation internationally about the implications and responsibilities of this terrorist attack.”

Nicolás Maduro (1962) 53rd President of Venezuela

President Maduro's speech at the United Nations General Assembly (excerpts), 26 September 2018

World

“Imperialism is the epoch of finance capital and of monopolies, which introduce everywhere the striving for domination, not for freedom. Whatever the political system, the result of these tendencies is everywhere reaction and an extreme intensification of antagonisms in this field. Particularly intensified become the yoke of national oppression and the striving for annexations, i. e., the violation of national independence (for annexation is nothing but the violation of the right of nations to self-determination).”

Vladimir Lenin (1870–1924) Russian politician, led the October Revolution

The Lenin Anthology, p. 268
Imperialism, The Highest Stage of Capitalism (1917)

Self-confidence , Freedom

“Private capital tends to become concentrated in few hands, partly because of competition among the capitalists, and partly because technological development and the increasing division of labor encourage the formation of larger units of production at the expense of smaller ones. The result of these developments is an oligarchy of private capital the enormous power of which cannot be effectively checked even by a democratically organized political society. This is true since the members of legislative bodies are selected by political parties, largely financed or otherwise influenced by private capitalists who, for all practical purposes, separate the electorate from the legislature. The consequence is that the representatives of the people do not in fact sufficiently protect the interests of the underprivileged sections of the population. Moreover, under existing conditions, private capitalists inevitably control, directly or indirectly, the main sources of information (press, radio, education). It is thus extremely difficult, and indeed in most cases quite impossible, for the individual citizen to come to objective conclusions and to make intelligent use of his political rights.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

1940s, Why Socialism? (1949)

Education , Intelligence , Making love , People

“We are a workers’ party because we see in the coming battle between finance and labor the beginning and the end of the structure of the twentieth century. We are on the side of labor and against finance.”

Joseph Goebbels (1897–1945) Nazi politician and Propaganda Minister

. . The value of labor under socialism will be determined by its value to the state, to the whole community. Labor means creating value, not haggling over things.
“Those Damn Nazis: Why Are We a Workers’ Party?” https://research.calvin.edu/german-propaganda-archive/haken32.htm written by Joseph Goebbels and Mjölnir, Die verfluchten Hakenkreuzler. Etwas zum Nachdenken, Nazi propaganda pamphlet (Munich: Verlag Frz. Eher, 1932)
1930s

“It is not some malevolent quirk of international bankers which makes the balance of payments surplus necessary. It is the hard facts of life. Quite a few of the resolutions mention the need to get rid of the shackles of international finance. These shackles can be exaggerated. If you want less to do with bankers and fewer International Monetary Fund visits the answer is straightforward: Help us to get out of debt. It is no good urging independence and denying policies to that end.”

Roy Jenkins (1920–2003) British politician, historian and writer

Speech to the Labour Party Conference in Blackpool (30 September 1968), quoted in The Times (1 October 1968), p. 6
1960s

Life , Making love , Help

“Gualtieri is just a mere political enforcer of the will of banks and big finance. Direct expression of the economic powers that supported his appointment, he is the representative of the most hostile elements to the workers, their interests and their aspirations.”

Marco Rizzo (1959) Italian politician

Zoro e i "4 ministri comunisti al governo" https://www.lantidiplomatico.it/dettnews-zoro_e_i_4_ministri_comunisti_al_governo/82_30601/, 12 September 2019

Support , Hostility

“Ten years ago the incoming Conservative Government found the national finances in good order. …. What do we find to-day? Expenditure and indebtedness have been piled up, the income-tax stands at a shilling, war taxes are continued in peace time, the national credit is impaired, and a heavy depreciation has taken place in securities of every description. You only have to look around to see the result. Industry is burdened, enterprise is restricted, workmen are thrown out of employment, and the poorer classes are straitened still further in their circumstances.”

Henry Campbell-Bannerman (1836–1908) Former Prime Minister of the United Kingdom

Election Address, quoted in The Times (8 January 1906), p. 8
Prime Minister

War , Peace , Time

“If regular visits with prostitutes kept the political class from launching trillion-dollar war- and welfare programs, and financing Fanny, Freddy and the Fed—I would personally contribute to a prostitution fund for Washington whores. The prostitutes would be the patriots.”

Ilana Mercer South African writer

“Uncle Sam turns tricks (& stiffs sex workers),” http://www.ilanamercer.com/phprunner/public_article_list_view.php?editid1=650 RT, May 11, 2012.
2010s, 2012

Whore , War , Personality

“The health service, they're very worried about a collapse in the number of EU migrants coming here. Social care would be in a terrible position.... finance, education. The reality is that business, the CBI, the Institute of Directors, but also health, education and social care; they say that they need these European migrants and we have to listen to them.”

Diane Abbott (1953) British Labour Party politician

Diane Abbott: Listen to CBI and NHS' on Brexit migration https://www.bbc.co.uk/news/uk-politics-42384346 BBC News (17 December 2017)
2010s

Business , Education , Reality , Health

“Some think that we are approaching a critical moment in the history of Liberalism. ... We hear of a divergence of old Liberalism and new. ... The terrible new school, we hear, are for beginning operations by dethroning Gladstonian finance. They are for laying hands on the sacred ark. But did any one suppose that the fiscal structure which was reared in 1853 was to last for ever, incapable of improvement, and guaranteed to need no repair? ... Another heresy is imputed to this new school which fixes a deep gulf between the wicked new Liberals and the virtuous old. We are adjured to try freedom first before we try interference of the State. That is a captivating formula, but it puzzles me to find that the eminent statesman who urges us to lay this lesson to heart is strongly in favour of maintaining the control of the State over the Church? But is State interference an innovation? I thought that for 30 years past Liberals had been as much in favour as other people of this protective legislation. ... [O]ther countries have tried freedom and it is just because we have decided that freedom in such a case is only a fine name for neglect, and have tried State supervision, that we have saved our industrial population from the waste, destruction, destitution, and degradation that would otherwise have overtaken them. ... In short, gentlemen, I am not prepared to allow that the Liberty and the Property Defence League are the only people with a real grasp of Liberal principles, that Lord Bramwell and the Earl of Wemyss are the only Abdiels of the Liberal Party.”

John Morley, 1st Viscount Morley of Blackburn (1838–1923) British Liberal statesman, writer and newspaper editor

Annual presidential address to the Junior Liberal Association of Glasgow (10 February 1885), quoted in 'Mr. John Morley At Glasgow', The Times (11 February 1885), p. 10
1880s

School , History , Freedom , Country

“Less than a month ago this Nation reminded the world that it possessed both the will and the weapons to meet any threat to the security of free men. The gains we have made will not be given up, and the course that we have pursued will not be abandoned. But in the long run, that security will not be determined by military or diplomatic moves alone. It will be affected by the decisions of finance ministers as well as by the decisions of Secretaries of State and Secretaries of Defense; by the deployment of fiscal and monetary weapons as well as by military weapons; and above all by the strength of this Nation's economy as well as by the strength of our defenses.”

John F. Kennedy (1917–1963) 35th president of the United States of America

Source: 1962, Address and Question and Answer Period at the Economic Club of New York

World , Men , Decision

“I think there are probably too many smart people pursuing Internet stuff, finance, and law, that is part of the reason why we haven’t seen as much innovation.”

Elon Musk (1971) South African-born American entrepreneur

Source: Book Elon Musk by Ashlee Vance

Parting , Thinking , People , Law

“The issuance of this guaranteed currency promoted the profession and operations of finance. The older Romans used temples as their banks, as we use banks as our temples; and the state continued to the end to use its strongly built shrines as repositories for public funds, perhaps on the theory that religious scruples would help discourage robbery.”

Will Durant book The Story of Civilization

Source: The Story of Civilization (1935–1975), III - Caesar and Christ (1944), Chapter 4, Part 6

Help

“Sir, there are three principles, greater than all others, on which, in my opinion, all good finance should be based. The first of them is that there should always be a certainty that whatever the charge may be it can be paid. That, I believe, is of vital importance. The second is that, in times of peace and prosperity, the people of the country should reduce their Debt; and the third point is that they should reduce their Expenditure.”

William Ewart Gladstone (1809–1898) British Liberal politician and prime minister of the United Kingdom

Speech http://hansard.millbanksystems.com/commons/1882/apr/24/ways-and-means-financial-statement#column_1298 in the House of Commons (24 April 1882)
1880s

Peace , Time , People , Country

“In a nutshell, poor education, a poor culture (one that impedes people from operating effectively together), poor infrastructure, and too much debt cause bad economic results. The best results come when there is more rather than less of: a) equal opportunity in education and in work, b) good family or family-like upbringing through the high school years, c) civilized behavior within a system that most people believe is fair, and d) free and well-regulated markets for goods, services, labor, and capital that provide incentives, savings, and financing opportunities to most people.”

Ray Dalio (1949) American businessman

[Economic Principles – Why and How Capitalism Needs to be Reformed, April 5, 2019, lejourdapres.parlement-ouvert.fr, https://lejourdapres.parlement-ouvert.fr/uploads/decidim/attachment/file/308/Economic_Principles_-_Why_and_How_Capitalism_Needs_To_Be_Reformed.pdf] (quote from p. 5 of 42)

School , Family , Education , Bad luck

“American military power has been the enemy of the White race and the tool of Jewry and international finance ever since.”

David Lane (white nationalist) (1938–2007) American white supremacist, convicted felon

Revolution by Number

“... much of what is taught in modern corporate finance courses is twaddle.”

Charlie Munger (1924) American business magnate, lawyer, investor, and philanthropist

Source: 1996 Berkshire Hathaway Annual Meeting, YouTube video with quote at 2:41:46 of 4:54:01 in video https://www.youtube.com/watch?v=5YptOBQTb14

“The Church carries out its mission through the help provided by the offerings of the faithful. And we don't know how much people will be able to give. Precisely for this reason we must be sober, rigorous. We must manage the finances with the passion and diligence of a good family man”

Juan Antonio Guerrero Alves (1959) Roman Catholic clergyman

Guerrero: Holy See’s bottom line is in view of mission https://www.vaticannews.va/en/vatican-city/news/2020-05/guerrero-holy-see-economy-mission-deficit-default-income-expense.html (13 May 2020)

People , Passion , Family , Faith

“Tennis or finance or engineering or bartending … this ‘simple’ lesson bears repeating. … Study! Study! Study!”

Tom Peters (1942) American writer on business management practices

18 April 2022
Tom Peters Daily, Weekly Quote

Study

Quotes about finance page 3

Quotes about finance
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