Posts Tagged ‘monetary’

William Cobbett: Pecuniary Matters

Posted by admin on Tuesday, September 22, 2020

William Cobbett Money Quote saying genius is stifled by lack of attention to pecuniary matters. William Cobbett said:
 
time properly to attend to pecuniary [monetary] matters. Want of attention to these matters has impeded the progress of science and of genius itself Quote
 

“Be you in what line of life you may, it will be amongst your misfortunes if you have not time properly to attend to pecuniary [monetary] matters. Want of attention to these matters has impeded the progress of science and of genius itself” — William Cobbett

 

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In this quote, William Cobbett seems to be emphasizing the importance of diligently managing one’s finances, even for those in intellectual or artistic professions. By stating that lacking attention to “pecuniary matters” can impede “the progress of science and of genius itself”, Cobbett implies that neglecting monetary obligations can undermine even lofty pursuits like scientific advancement or creative works by diverting focus onto survival basics.

The quote conveys Cobbett’s perspective that properly handling fiscal responsibilities is crucial across all walks of life to avoid financial stress hindering higher goals and achievements. Overall, Cobbett appears to be advocating prudent money management as an essential life skill necessary for any occupation or calling to avoid monetary hardships becoming an unnecessary obstacle or distraction.

Jerome Powell: Monetary Politics

Posted by admin on Saturday, December 22, 2018

Jerome Powell Money Quote as Federal Reserve Chairman on December 19, 2018 after Donald Trump complains about the latest fractional percentage rate hike – then speaks with White House staff about firing him. Jerome Powell said:
 
Political considerations play no role whatsoever in our discussions or decisions about monetary policy Quote
 

“Political considerations play no role whatsoever in our discussions or decisions about monetary policy” — Jerome Powell

 

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In this quote, Jerome Powell, who serves as Chair of the Federal Reserve, seems to be strongly asserting the independence and impartiality of the country’s central banking system. Some key points:

  • Powell directly states that “political considerations” or influences from elected officials/government play absolutely no part in the Federal Reserve’s monetary policy discussions or decisions.
  • He is emphasizing that the Fed makes determinations about interest rates, money supply, bank regulation etc. objectively using economic data and analyses, not political motivations.
  • Powell appears to want to assure the public that the Fed remains an autonomous, non-partisan institution focused solely on its Congressional mandate of maximum employment and price stability through independent, expert-driven decision making.

Overall, the quote conveys Powell’s aim to reaffirm the Federal Reserve’s operational separation from partisan politics and commitment to basing powerful monetary actions strictly on economic conditions, not political pressures or agendas. He wants the Fed to be seen as a neutral policymaker.

Suzy Kassem: People Over Corporations

Posted by admin on Sunday, November 13, 2016

Suzy Kassem Money Quote saying politicians must focus on those they serve as leader, not risking or spending lives on making a profit for military businesses. Suzy Kassem said:
 
A great leader must serve the best interests of the people first, not those of multinational corporations. Human life should never be sacrificed for monetary profit. There are no exceptions Quote
 

“A great leader must serve the best interests of the people first, not those of multinational corporations. Human life should never be sacrificed for monetary profit. There are no exceptions” — Suzy Kassem

 

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In this quote, Suzy Kassem seems to be arguing that true leadership requires prioritizing people’s welfare over corporate interests. A few key points:

  • She states that a “great leader” must serve the “best interests of the people” as their top priority, rather than catering to “multinational corporations” and their goals.
  • Kassem strongly asserts that human lives should never be put at risk or harmed in order to generate “monetary profit”, implying some leaders are too willing to sacrifice citizens for business and economic gains.
  • She takes an absolutist stance by saying there are “no exceptions” to the principle that people’s well-being and survival should come before financial considerations, no matter the situation.

Overall, the quote conveys Kassem’s view that protecting citizens and making decisions that benefit them should be the sole focus of leadership, not appeasing powerful companies, and that no financial benefit can justify endangering human lives. She advocates for people-centered governance over prioritizing corporate interests or profits.

Janet Yellen: Bitcoin Not Monetary Policy

Posted by admin on Thursday, November 5, 2015

Janet Yellen Money Quotation saying cryptocurrency is not associated with federal reserve policy decisions. Janet Yellen said:
 
Janet Yellen We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy quote
 

“We do not interpret bitcoin’s popularity as having a relationship with the public’s view of the Federal Reserve’s conduct of monetary policy” — Janet Yellen

 

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Janet Yellen is saying that Bitcoin is not associated with or related to the Federal Reserve’s decisions around monetary policy. The Federal Reserve is responsible for monetary policy in the United States, while Bitcoin is a decentralized cryptocurrency not controlled by any central bank.

Criss Jami: Income a Deception of Worth

Posted by admin on Wednesday, September 9, 2015

Criss Jami Money Quotation saying what we are paid is deceptive and makes us believe we have a specific worth in this life. Criss Jami said:
 
Criss Jami Monetary income is the perfect deceiver of a man's true worth quote
 

“Monetary income is the perfect deceiver of a man’s true worth” — Criss Jami

 

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This quote by Criss Jami suggests that how much money a person earns does not necessarily reflect their true value or worth. The quote implies that monetary income, or the amount of money one is paid, can provide a misleading impression of a person’s skills, character and contributions if used as the sole measure.

Criss Jami appears to be arguing that worth or importance should not be defined solely based on income level, as factors like compassion, knowledge and positive impact are not fully captured in dollar amounts.

Overall, the quote cautions against over-relying on financial metrics alone when assessing an individual or judging what they have to offer, according to Jami’s perspective.

Andrew Lo: Addiction to Monetary Gain

Posted by admin on Friday, May 22, 2015

Professor of Finance at Massachsetts Institute of Technology Andrew Lo Money Quotation saying Neuroscientists have shown that monetary gain stimulates our brains in the same way as cocaine, in both instances, dopamine is released in the pleasure centers of the brain. Andrew Lo said:
 
Andrew Lo In the case of cocaine, we call this addiction. In the case of monetary gain, we call it capitalism quote
 

“In the case of cocaine, we call this addiction. In the case of monetary gain, we call it capitalism” — Andrew Lo

 

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Andrew Lo is drawing a comparison between how the pursuit of monetary gain stimulates the brain’s reward system in a similar way to addictive drugs like cocaine.

When we earn or acquire money, the pleasure centers of our brain are activated and dopamine is released, just as it is when taking cocaine.

However, while cocaine addiction is seen as harmful, our economic system encourages and even depends on people having this same driven behavior towards constantly seeking greater financial returns and wealth accumulation.

So Lo is suggesting that the drive for ever-increasing monetary gain could be viewed as a form of socially sanctioned addiction or dependency within the context of capitalism.

Kevin Mitnick: Authorized Hacking With Pay

Posted by admin on Tuesday, February 17, 2015

#MoneyQuote by @KevinMitnick saying hackers get paid either by bad guys or good guys or often just for LOLs – depending on association and attitude. Kevin Mitnick said:
 
I'm still a hacker. I get paid for it now. I never received any monetary gain from the hacking I did before. The main difference in what I do now compared to what I did then is that I now do it with authorization Quote
 

“I’m still a hacker. I get paid for it now. I never received any monetary gain from the hacking I did before. The main difference in what I do now compared to what I did then is that I now do it with authorization” — Kevin Mitnick

 

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Kevin Mitnick seems to be contrasting his past unauthorized hacking activities with his current authorized work in cybersecurity. He acknowledges that he still considers himself a “hacker”, but notes that now he performs similar skills and tasks “with authorization” rather than illegally. Mitnick also points out that previously he never “received any monetary gain” from hacking, whereas in his legal career he “gets paid for it”.

Overall, the quote suggests Mitnick views himself as having the same technical abilities and mindset as before, but that he now uses those talents productively within the law and for financial compensation in a professional context rather than for unauthorized access or personal benefit in his youth.

Yaakov Kirschen, Jerusalem Post War of Nerds Against Hackers

Yaakov Kirschen, Jerusalem Post

Susan Crawford: Payment Systems

Posted by admin on Wednesday, April 18, 2012

Susan Crawford Money Quotation is imagining new options of transactions like cell phones, making the idea of our existing system of payments seem like a daydream. Susan Crawford said:
 
There is nothing more imaginary than a monetary system. The idea that we solemnly hand around printed slips of paper in exchange for food and water shows just how trusting and fond of patterned behavior we human beings are Quote
 

“There is nothing more imaginary than a monetary system. The idea that we solemnly hand around printed slips of paper in exchange for food and water shows just how trusting and fond of patterned behavior we human beings are” — Susan Crawford

 

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The quote “There is nothing more imaginary than a monetary system. The idea that we solemnly hand around printed slips of paper in exchange for food and water shows just how trusting and fond of patterned behavior we human beings are” by Susan Crawford is pointing out how money and economic systems are social constructs that only have value because societies have agreed and organized themselves around those constructs.

While money may seem like a concrete thing, Crawford argues that paper bills and coins have no intrinsic worth – they are merely representations we use for transactions based on shared trust and norms. Our willingness to work, trade labor and resources in exchange for these symbolic tokens demonstrates humans’ natural tendencies towards cooperation, consensus-building, and engaging in predictable social behaviors.

According to Crawford, the fact that paper currency can be used to acquire basic necessities shows how powerful and deeply ingrained the concept of money has become through collective agreement, even though it has no tangible backing on its own.

Money Quotes Daily

Money Quotes Daily