A Quote by Ben Bernanke
If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.
Related Quotes
If a country is an attractive place for foreigners to invest their funds, then that country will have a relatively high exchange rate. If it's an unattractive place, it will have a relatively low exchange rate. Those are the fundamentals that determine the exchange rate in a floating exchange rate system.
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.
It comforts me to think that if we are created beings, the thing that created us would have to be greater than us, so much greater, in fact, that we would not be able to understand it. It would have to be greater than the facts of our reality, and so it would seem to us, looking out from within our reality that it would contradict reason. But reason itself would suggest it would have to be greater than reality, or it would not be reasonable.
I would hang out with my friends, and they would make me sing in exchange for food. I'd tag along just so I could eat. Then we would go to the park, and I'd sleep there with other homeless kids.
In 'The Next Three Days,' even though it was a prison breakout movie, I was asking myself, 'What would I do? How far would I go for the woman I loved? How far would I go, and what would I do when the person then told me that they were guilty? Could I still believe in them?' So it was very personal.
If I were to finish my career without a title, I would certainly be disappointed. But I don't think it would be something that would eat away at me... I think I certainly would be able to live with it.
The U.S. berates China for its exchange rate policy, which Washington doesn't like. But one-sided pressure on China to change its exchange rate is misplaced.
That day the U.S. announced that the dollar would be devalued by 10 percent. By switching the yen to a floating exchange rate, the Japanese currency appreciated, and a sufficient realignment in exchange rates was realized. Joint intervention in gold sales to prevent a steep rise in the price of gold, however, was not undertaken. That was a mistake.
Keep quiet and say one's prayers-certainly not merely the best, but the only things to do if one would be truly happy; but, ashamed of asking when I have received so much, the only form of prayer I would use would be a form of thanksgiving.
A nation's exchange rate is the single most important price in its economy; it will influence the entire range of individual prices, imports and exports, and even the level of economic activity. So it is hard for any government to ignore large swings in its exchange rate.
The beauty of a language is, generally judged by its soft or rigid, melodious or harsh, ring. Other aspects, such as the flexibility of derivation, play hardly any role in grading. Were it the case, Russian would certainly be placed on the winner’s stand. It would rank first in plasticity.
When I was growing up, we would play a 10-over or 15-over game, and the asking-rate would always be high, and I would end up scoring 30 or 40 runs in 15 balls, so I built that mindset right from the beginning and still continue to bat in the same manner.
Musick is certainly a very agreeable Entertainment, but if it would take the entire Possession of our Ears, if it would make us incapable of hearing Sense, if it would exclude Arts that have a much greater Tendency to the Refinement of human Nature; I must confess I would allow it no better Quarter than Plato has done, who banishes it out of his Common-wealth.
We first became conscious of the plane publicly on a Monday. I thought then by the weekend it would be done. But then the Chinese military, the defense minister made a statement saying that if there was no apology from the United States, the Chinese military and the Chinese people would never understand. No reference to the government or the Communist Party, and that obviously presented an internal problem to the Chinese leadership, which was travelling at that moment.
I would not call my family 'traditional Chinese.' We were more what I would term the Colonial Chinese.
If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.
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