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The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.
Milton FriedmanIf the central contest of the twentieth century has pitted capitalism against socialism, then F. A. Hayek has been its central figure. He helped us to understand why capitalism won by a knockout. It was Hayek who elaborated the basic argument demonstrating that central planning was nothing else but an impoverishing fantasy.
Kenneth MinogueFurther study of central nervous action, however, finds central inhibition too extensive and ubiquitous to make it likely that it is confined solely to the taxis of antagonistic muscles.
Charles Scott SherringtonA government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is, the central bank must be able to be judged on whether or not it has achieved its agreed objective.
Ian MacfarlaneThat`s an astonishment that we`re waiting to find out what the [Donald Trump] policy is, that was the central plank, the central rationale for his candidacy.
Michelle GoldbergFinance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank governors are linked to financial communities in their countries, so they push policies that reflect the viewpoints and interests of the financial community and barely hear the voices of those who are the first victims of dictated policies.
Joseph StiglitzThe first task of the Federal Reserve system would be to finance the World War. The European nations were already bankrupt, because they had maintained large standing armies for almost fifty years, a situation created by their own central banks, and therefore they could not finance a war. A central bank always imposes a tremendous burden on the nation for "rearmament" and "defense", in order to create inextinguishable debt, simultaneously creating a military dictatorship and enslaving the people to pay the "interest" on the debt which the bankers have artificially created.
Eustace MullinsOther people, so I have read, treasure memorable moments in their lives: the time one climbed the Parthenon at sunrise, the summer night one met a lonely girl in Central Park and achieved with her a sweet and natural relationship, as they say in books. I too once met a girl in Central Park, but it is not much to remember. What I remember is the time John Wayne killed three men with a carbine as he was falling to the dusty street in Stagecoach, and the time the kitten found Orson Welles in the doorway in The Third Man.
Walker PercyHaving examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.
Murray RothbardI returned to Kabul after a 27-year absence. I came away with some optimism but not as much as I had hoped for. The two major issues in Afghanistan are a lack of security outside Kabul (particularly in the south and east) and the powerful warlords ruling over the provinces with little or no allegiance to the central government. The other rapidly rising concern is the narcotic trade which, if not dealt with, may turn Afghanistan into another Bolivia or Colombia.
Khaled HosseiniIf the feudal knight was the clearest embodiment of society in the early Middle Ages, and the "bourgeois" under Capitalism, the educated person will represent society in the post-capitalist society in which knowledge has become the central resource.
Peter DruckerLooking long term, a stronger, wealthier, and more stable Central America next door benefits the United States' own safety, security, and economy.
James T. WalshPrayer or not, I want to believe that, despite all evidence to the contrary, it is possible for anyone to find that one special person. That person to spend Christmas with or grow old with or just to take a nice silly walk in Central Park with. Somebody who wouldn't judge another for the prepositions they dangle, or their run-on sentences, and who in turn wouldn't be judged for the snobbery of their language etymology inclinations.
Rachel CohnWhen profits are pursued by geographic interchange of goods, so that commerce for profit becomes the central mechanism of the system, we usually call it "commercial capitalism." In such a system goods are conveyed from ares where they are more common (and therefore cheaper) to areas where they are less common (and therefore less cheap). This process leads to regional specialization and to division of labor, both in agricultural production and in handicrafts.
Carroll QuigleyThere is no more dramatic proof of the death of the Left than the passage of its central vision - global democratic revolution - into the hands of those who call themselves conservatives.
Michael A. LedeenHeredity is to-day the central problem of biology. This problem may be approached from many sides - that of the breeder, the experimenter, the statistician, the physiologist, the embryologist, the cytologist - but the mechanism of heredity can be studied best by the investigation of the germ cells and their development.
Edwin ConklinIf you grow up in the South Bronx today or in south-central Los Angeles or Pittsburgh or Philadelphia, you quickly come to understand that you have been set apart and that there's no will in this society to bring you back into the mainstream.
Jonathan KozolMann is widely recognized as a master of irony and ambiguity, yet it's remarkable how quickly people foreclose options he carefully leaves open. Lots of readers - including eminent critics - jump to conclusions: that Nietzsche's Birth of Tragedy is a central background text, that Aschenbach is an inferior writer, that he's never been attracted by pubescent male beauty before, that he dies of cholera.
Philip KitcherThe crooks downtown figured out that comedy is like a hammer. It can put up a barn and it can knock down a wall. So they bought it outright and marketed it as Comedy Central.
Lenny BruceWell, the kind of central question: "Do you want to live - and I don't mean stay alive - do you want to feel your life while you're living it?" You know, there's somewhere to go that was here before we were and is going to be here after us, so get out there in it. It doesn't take somebody who's got some self-important sense of their own attachment to nature to recognise that you're just stupid if you don't go out there.
Sean PennQuantitative easing is just the latest chapter in the Federal Reserveโs hundred-year history of failure. (...) The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit - and then end - the Fed.
Ron PaulDebt, weve learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your favorite: bankers, regulators, central bankers, politicians, overzealous consumers, credit rating agencies - but all require one similar ingredient to create a true crisis: too much leverage.
Andrew Ross SorkinDifferentiating from parental introjects and psychological defences based on the emotional pain of childhood is essential not only for neurotic or seriously disturbed individuals; it is a central developmental issue in every personโs life.
Lisa FirestoneThe central opposition between magic and science is the opposition between power and knowledge.
Jacob BronowskiThe fear of loss is an engine of horrors, but also a source of the greatest forms of heroism. There's not a lot of art that puts that in bold letters. It's psychologically very interesting and acute, I think. That's not the central reading, I think, of the New Testament.
Cass SunsteinWhile we tend to conceive of the operations of the mind as unified and transparent, they're actually chaotic and opaque. There's no invisible boss in the brain, no central meaner, no unitary self in command of our activities and utterances. There's no internal spectator of a Cartesian theater in our heads to applaud the march of consciousness across its stage.
Daniel DennettThere is an illusion of central position, justifying one's own purposes as right and everybody elseยนs as wrong, and providing a proper degree of paranoia. Righteous ends, thus approved, absolve of guilt the most violent means.
Henri Frederic AmielThe central fact is that overwhelmingly suicide-terrorist attacks are not driven by religion as much as they are by a clear strategic objective.
Robert PapeThe central question in this election [2016] is really what kind of country we want to be and what kind of future we'll build together.
Hillary ClintonOut of this same light, out of the central mind, We make a dwelling in the evening air, In which being there together is enough.
Wallace StevensWhen we talk about total war, and we talk about war zones, and we talk about the breakdown of the cities, when you exclude questions of race from that discourse, something disappears that's really central to the forms of repression that we're talking about.
Henry GirouxTaming the financial markets and winning back democratic control over them is the central condition for creating a new social balance in Germany and Europe.
Sigmar GabrielA central theme of all about love is that from childhood into adulthood we are often taught misguided and false assumptions about the nature of love. Perhaps the most common false assumption about love is that love means we will not be challenged or changed.
Bell HooksI met some brothers out from Canada recently who are real cool people. They make Spanish-language music called Cold Blue and I met then at a Lat-Rap conference and they seem like real good peoples from Central America... and that's what it is. It's just based on mutual respect. So when I meet people like that I'm like, "if y'all going to be real with me, I'm going to be real with y'all" and that's all it takes.
Immortal TechniqueRevealingly, the central function of the Constitution as law--the supreme law--was to impose limitations not on the behavior of ordinary citizens but on the federal government. The government, and those who ran it, were not placed outside the law, but expressly targeted by it. Indeed, the Bill of Rights is little more than a description of the lines that the most powerful political officials are barred from crossing, even if they have the power to do so and even when the majority of citizens might wish them to do so.
Glenn GreenwaldMen use up their lives in heart-breaking political struggles, or get themselves killed in civil wars, or tortured in the secret prisons of the Gestapo, not in order to establish some central-heated, air-conditioned, strip-lighted Paradise, but because they want a world in which human beings love one another instead of swindling and murdering one another.
George OrwellI guess I think that sex and desire and humiliation are central to my experience of consciousness - to my experience of humanness - and I wanted to explore the ways that they circle around and approach and fail to add up to love, or the ways that those three terms - sex, desire, love - can in some lights seem synonymous and in others like elements entirely alien to one another.
Garth GreenwellThe sixteen hundred dairies in Californiaโs Central Valley alone produce more waste than a city of twenty-one million people-thatโs more than the populations of London, New York, and Chicago combined.
Gene BaurThe kundalini runs through you. It runs through the ida and the pingala, the two nerve channels in the subtle body; but there's a central channel, the shushumna, which is blocked. When it runs through that, then you can use the mystical kundalini.
Frederick LenzMiners produce the bullion. If there is going to be more demand for gold from investors and central banks, where is the gold going to come from? They have to dig it out of the ground and sell it. As the price of gold goes higher, their profit margins increase. So if you are very bullish like I am and think there is going to be a big increase in gold, it's a huge opportunity for miners.
Peter SchiffPitching in the Olympic Games, Pan Am Games and Central American games prepared me to pitch at the big-league level.
Jose ContrerasTo seek the timeless way we must first know the quality without a name. There is a central quality which is the root criterion of life and spirit in a man, a town, a building, or a wilderness. This quality is objective and precise, but it cannot be named.
Christopher AlexanderSchools should be democratic public spheres. They should be places that educate people to be informed, to learn how to govern rather than be governed, to take justice seriously, to spur the radical imagination, to give them the tools that they need to be able to both relate to themselves and others in the wider world. I mean, at the heart of any education that matters, is a central question: How can you imagine a future much different than the present, and a future that basically grounds itself in questions of economic, political and social justice?
Henry GirouxEmpowerment of individuals and communities is absolutely central. Getting the community involved in organising their own destiny has got to be a key part of it.
Michael MarmotCentral to being an actor is pretending, and the adventure of it all. That's why you become a junkie for different kinds of situations.
Willem DafoeIt's all still about having a good story. You have to have a good story as your anchor, as your main focus. So for me, personally, I just like to concentrate on writing the best book I can, and if there's other stuff that goes along with it, that's awesome, as long as the story is central.
Rick RiordanAnd what could be a hotter ticket than the improbable triumph of 'The Book of Mormon,' the musical-comedy moon shot of the season? Its creators, Matt Stone and Trey Parker, of Comedy Central's 'South Park,' are the most unlikely Rodgers and Hammerstein team ever to bowl a thundering strike.
James Wolcott