A Quote by Kenneth Rogoff
I don't think it's time yet to eliminate cash, but I propose having a less-cash society, not a cashless one.
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In a cashless society, the cash has been converted into numbers, into signals, into electronic currents. In short: Information replaces cash.
I’m not the smartest guy in the world, but I’m certainly not the dumbest. I mean, I’ve read books like "The Unbearable Lightness of Being" and "Love in the Time of Cholera", and I think I’ve understood them. They’re about girls, right? Just kidding. But I have to say my all-time favorite book is Johnny Cash’s autobiography "Cash" by Johnny Cash.
Even if it does not become cashless economy, it will become a less cash economy, and I think that itself is going to be a good and big achievement, and I think we are, as a country, gone through many of large changes, and ICICI has been a leader in many of them.
I think we are in an age where cash pays for time and space. The more cash you have, the bigger space you can buy and the smaller the technology to put in it.
I was a kid who was born and raised on Johnny Cash. My father played 'At Folsom Prison' constantly. Cash was the only thing I remember coming from our big, warm stereo console. Even then, I knew Cash was uncool. I knew he was an unhip Republican.
Cash is the lifeblood of your business. There are very few things in business that will kill you, but running our of cash is one of those things. You can recover from almost any other mistake, but if you run out of cash you're dead.
One of my priorities is criminal justice reform, and there is certainly bipartisan appetite for that. I think we need to eliminate the cash bail system. We need to eliminate mandatory minimums. We need sentencing reform. I think we need parole reform as well.
Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like.
A cashless society promises a world of limitation, control, and surveillance - all of which the poorest Americans already have in abundance, of course. For the most vulnerable, the cashless society offers nothing substantively new; it only extends the reach of the existing paternal bureaucratic state.
We want to use cash. The reason we haven't used our cash two years ago, we just didn't find things that were that attractive. But when people talk about cash being king, it's not king if it just sits there and never does anything. There are times when cash buys more than other times, and this is one of the other times when it buys a fair amount more, so we use it.
The capping of cash transactions will help the banks reduce cash intensity.
Nothing beats a little cash in a bear market, of course, and the oldest form of cash is gold.
I'm a big believer in cash but I'd never buy a property with cash.
[Barack Obama] gives away $400 million in cash, but it turns out to $1.7 billion in cash [for Iran].
We can't control whether we are rewarded for our endeavours, with cash or recognition. It is not up to us how much cash or time we get on Earth, but it is down to us how we spend it.
Value investors look at cash flows. If a company can maintain present cash flows for 5 or 6 years, it’s a good investment. Investors then just hope that those cash flows - and thus the company’s value - don’t decrease faster than they anticipate.
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