Archive for the ‘finance’ Category

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Joseph Stiglitz: GDP Not Well-Being

Posted by admin on Monday, February 8, 2016

Economist Joseph Stiglitz Money Quotation saying “what we measure informs what we do. And if we’re measuring the wrong thing, we’re going to do the wrong thing.” Joseph Stiglitz said:

GDP is not a good measure of economic performance; it’s not a good measure of well-being
— Joseph Stiglitz

Marc Benioff: Speed is Currency of Business

Posted by admin on Tuesday, January 26, 2016

Marc Benioff Money Quotation saying at World Economic Forum #WEF16 event in #Davos that being able to move quickly to catch the wave of market forces is more valuable than cash. Marc Benioff said:

Speed is the new currency of business
— Marc Benioff

Michael Connolly: Printing Inflationary Evil

Posted by admin on Tuesday, January 26, 2016

Michael Connolly Money Quotation saying governments that are tempted to print money during financial crises are playing with Seigniorage fire. Michael Connolly said:

Seigniorage finance of fiscal deficits is often known as “the printing press.” In a sense, money is the root of all inflationary evil. It helps to understand why inflation bursts out here and there periodically
— Michael Connolly

Michio Kaku: Investment Banking Massage

Posted by admin on Monday, January 25, 2016

Michio Kaku Money Quotation saying theoretical physics creates new technology as opposed to investment banking, which simply moves money around. Michio Kaku said:

I have nothing against investment banking, but it’s like massaging money rather than creating money
— Michio Kaku

Paul Graham: Rich Driven, Not Lazy

Posted by admin on Wednesday, January 20, 2016

Paul Graham Money Quotation saying that it requires drive to become wealthy, so character flaws of rich don’t include laziness. Paul Graham said:

Most people who get rich tend to be fairly driven. Whatever their other flaws, laziness is usually not one of them
— Paul Graham

Bob Collymore: Mobile Money Bank Lobby

Posted by admin on Sunday, December 6, 2015

Bob Collymore, CEO of Safaricom Cellular creator of M- Pesa mobile money in Nairobi, Kenya Money Quotation saying Banks in Kenya had less interest in establishing mobile payments because the banking lobby was not interested in the relatively small profits. Bob Collymore, CEO of Safaricom Cellular creator of M- Pesa mobile money in Nairobi, Kenya said:

The most effective barrier for the success of mobile money around the world is the banking lobby
— Bob Collymore

Jerry Robinette: Pockets Satisfy Penalties

Posted by admin on Saturday, December 5, 2015

Jerry Robinette, a former compliance officer at JPMorgan Chase in a Money Quotation saying Jail time and personal penalties are the only way to stop banksters from illegal activities. Jerry Robinette, who served as the agent in charge of Homeland Security Investigations in San Antonio said:

Until you start sending people to jail, the pockets are there to satisfy the penalties. It’s not until the ends don’t justify the means that you may start seeing people thinking differently
— Jerry Robinette

Milton Friedman: Perfectly Worthless Paper

Posted by admin on Monday, November 30, 2015

Milton Friedman Money Quotation saying The Federal Reserve puts ink to paper in a valueless way, as only government could. Milton Friedman said:

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless
— Milton Friedman

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