A Quote by Ben Bernanke

Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services.

Ben Bernanke

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Also Circulation Cost Dollar Dollars Electronic Equivalent Essentially Even Extent Gold Goods Goods And Services Government Increasing Like Limited Many Number Only Press Prices Printing Printing Press Produce Raising Reduce Services Strictly Supply Technology Terms Those Threatening Today Value Which Wishes

Quote Author

Ben Bernanke
American - Public Servant
Born: December 13, 1953

The U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.

Ben Bernanke

Mr. Vice President, the most fiscally conservative thing this government has ever done, is to invest massively in the green part of the recovery. Because those green dollars are the hardest working dollars in the history of American politics. That same dollar that is being used to cut energy bills, is also cutting global warming gas emissions, is also cutting unemployment, is also cutting poverty, through retrofits it's also raising the value of homes, is also by cleaning the air, cutting asthma rates.

Van Jones

Wealth, in terms of dollars and so forth, could be counted up, because dollars were finite. It doesn't make any difference how many dollars you have-at a certain point you only have dollars. You start with finite, you end with finite.

Michael Nesmith

Wealth, in terms of dollars and so forth, could be counted up, because dollars were finite. It doesn’t make any difference how many dollars you have - at a certain point you only have dollars. You start with finite, you end with finite.

Michael Nesmith

We need to take away the government's money power. The banking industry needs its welfare check ended. The dollar's soundness depends on its being untied from the machine that can make an infinite number of copies of dollars and reduce their value to zero.

Ron Paul

The federal government spends nearly half a trillion dollars on contracted goods and services; therefore, we must ensure that the money is being spent efficiently, and small businesses have proven that they can do quality work cheaper and often faster.

Sam Graves

If I earn a million dollars a week and the average American earns a thousand dollars a week, then when I spend twenty thousand dollars on something it’s the equivalent of the average American spending twenty dollars on something, right?

Jordan Belfort

What would the people who sold us goods do with the money? They'd get dollars. What would they do with the dollars? Eat them?!

Milton Friedman

If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.

Murray Rothbard

I loved Fugazi, the D.C. hardcore band, because they always did everything themselves. They had their own label, and the CDs always cost nine dollars, the T-shirts always cost eight dollars, the shows always cost five dollars, no major label.

Spike Jonze

If you owe fifty dollars you're a piker; if you owe fifty thousand dollars you're a businessman; if you owe fifty million dollars you're a tycoon; if you owe fifty billion dollars you're the government.

Sam Levenson

We don't supply a hundred billion dollars worth of weapons to the war criminals in Saudi Arabia nor do we supply eight million dollars a day to the Israeli army that is also violating international law and human rights.

Jill Stein

There is probably not more than one hundred dollars in cash in circulation today. That is, if you were to call in all the bills and silver and gold in the country at noon tomorrow and pile them on the table, you would find that you had just about one hundred dollars, with perhaps several Canadian pennies and a few peppermint Life Savers.

Robert Benchley

A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms.

Nouriel Roubini

Global demand for dollars has supplanted demand for manufactured goods and services, resulting in multilateral trade deficits and loss of jobs at home.

Joseph Stiglitz

It is my view that what is important is cutting government spending, however spending is financed. A so-called deficit is a disguised and hidden form of taxation. The real burden on the public is what government spends (and mandates others to spend). As I have said repeatedly, I would rather have government spend one trillion dollars with a deficit of a half a trillion than have government spend two trillion dollars with no deficit.

Milton Friedman

A Quote by Ben Bernanke

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