When a bank makes a loan, it simply adds to the borrower's deposit account by the amount of the loan. It does not take this money from anyone else's deposit; it was not previously paid in to the bank by anyone. It's new money, created by the bank for the use of the borrower.
Money in the hand is real - coins and bills. The rest I don't believe in, and I don't think I ever did, really. What's a check, after all, but a promise - mine, the bank's. Me, I know, but the bank?
Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it.
Have you ever slept with a member of a race of another color?
Have you ever committed culpable homicide?
Have you ever bombed anything?
Have you ever murdered anyone?
Have you ever kidnapped anyone?
Inflation is a monetary phenomenon. It is made by or stopped by the central bank.
You can't predict what's gonna happen, you can't predict if people are going to participate, you can't predict if there'll be interference.
One cannot predict the next mythology any more than one can predict tonight's dream; for a mythology is not an ideology. It is not something projected from the brain, but something experienced from the heart, from recognition of identities behind or within the appearances of nature, perceiving with love a 'thou' where there would otherwise have been only an 'it.'
I don't think anyone is ever writing so that you can throw it away. You're always writing it to be something. Later, you decide whether it'll ever see the light of day. But at the moment of its writing, it's always meant to be something. So, to me, there's no practicing; there's only editing and publishing or not publishing.
If that enabled us to predict the succeeding situation with the same approximation, that is all we require, and we should say that the phenomenon had been predicted, that it is governed by the laws.
I don't believe you ever stop loving anyone you ever really loved. You have them there like money in the bank just because you loved them and held them in your arms or dreamed you did. You can forget a lot of things in life, but not that honey to end all honeys.
I have always thought and I still think that the Central Bank should act independently. Indeed, it does, you can take my word. I do not interfere in the decisions of the Central Bank and I do not give instructions to the Bank management or to its head.
You can predict a person?s future and divine his bank balance if you know two things: the books he reads, the people he associates with.
To be honest, I think love is complete bullshit. I don't think anyone ever loves anyone. I think the best people ever get is horny; horny and scared, so when they find someone who makes them horny, and they get too scared of the world outside, they stay together and they call it love.
Donald Trump is a phenomenon. Barack Obama was a phenomenon. A phenomenon is a 'happening' or an 'experience.'
The food bank is something I've always supported because there's no excuse for anyone to go without food.
I think Iran is the kind of place where it's difficult to predict what's going to trigger structural change. It's hard to also predict the role that civil disobedience or mass protests could play.