A Quote by Milton Friedman
There's only one thing that all of the central banks control and that is the base, their own liability, and they can control that in various ways. They can control it directly by open market operations, buying and selling government securities or other assets, for example, buying and selling gold, or they can control it indirectly by altering the rate at which banks lend to one another.
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What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.
The central banks cannot control interest rates. That's a mistake. They can control a particular rate, such as the Federal Funds rate, if they want to, but they can't control interest rates.
Yes, when they're buying there are more buyers in the market and that's supportive of the price. The more buyers you have, the firmer the price is going to be. When central banks were selling it was a headwind the market had to overcome. Now it's a tailwind that central banks are joining the buyers.
The government wants to control the banks, just as it now controls GM and Chrysler, and will surely control the health industry in the not-too-distant future. Keeping them TARP-stuffed is the key to control.
The only thing I can control is myself. I can't control what anyone thinks about me, I can't control circumstance, I can't control the things that God controls.
If you control the food, you control a nation. If you control the energy, you control a region. If you control the money, you control the world.
The financial system has to be regulated, we have to end with the tax havens, and it's necessary that the central banks in the world should control a little bit the banks' financing because they cannot bypass a certain range of leverage.
You have absolute control over just one thing, your thoughts. This divine gift is the sole means by which you may control your destiny. If you fail to control your mind, you will control nothing else.
The trade of banks is the buying and selling of interest and exchange.
We have little control over the circumstances of life. We can't control the weather or the economy, and we can't control what other people say about or do to us. There is only one area where we have control--we can rule the kingdom inside. The heart of every problem is the problem in the heart.
The goal of the FED, as with all central banks, is three-fold: (1) to protect the largest commercial banks from their depositors, who occasionally exercise their contractual right to withdraw currency (the ungrateful cads); (2) to control entry of newcomers into the bankers' cartel (interlopers); (3) to keep the stock market from collapsing in a panic, thereby persuading depositors to withdraw currency
No, we don't control who our parents are. We don't control what color we are. We don't control what home we are born into. But we control our attitude. We control our work ethic. We control our drive and our commitment.
There have been so many stories out there about me, so many untruths. I've always believed you can only control what you can control. I can control my attitude, my effort, my commitment to West Virginia. I can't control lies.
I thought The Limits of Control could be interpreted in two ways: as the limits of one's self-control; and as the limits of allowing other people's control over one's - consciousness - which I kind of thought was a double meaning that was appropriate.
Set goals for things you can control. In my case, I can't control the marks from the judges, but I can control how I train every day, and I can control my performance.
I think I just have to control what I can control. I can control myself. I can't control anything else but what I do. I definitely know I can do a better job at that.
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