A Quote by Peter Navarro

If money is the root of all evil, then China's manipulation of its currency, the yuan, is the tap root of everything wrong with the U.S.-China trade relationship.

Peter Navarro

Quote Topics

Relationship China Currency Everything Evil Manipulation Money Money Is The Root Of All Evil Root Tap Then Trade Wrong

Quote Author

Peter Navarro
American - Economist
Born: July 15, 1949

What is evil? Killing is evil, lying is evil, slandering is evil, abuse is evil, gossip is evil, envy is evil, hatred is evil, to cling to false doctrine is evil; all these things are evil. And what is the root of evil? Desire is the root of evil, illusion is the root of evil.

Gautama Buddha

China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.

Max Keiser

China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.

Peter Navarro

So you think that money is the root of all evil? [...] Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is made possible only by the men who produce. Is this what you consider evil?

Ayn Rand

During the 1999 debate over Permanent Normal Trade Relations with China President Bill Clinton said, 'In opening the economy of China, the agreement will create unprecedented opportunities for American farmers, workers and companies to compete successfully in China's market. WRONG: Our trade deficit with China has increased from $83 billion in 2001 to a record breaking $342 billion in 2014.

Bernie Sanders

There’s an old adage that says that money is the root of all evil. Bullshit. Lack of money is the root of all evil.

Gene Simmons

Money is not the root of all evil...ignorance is the root of all evil. People do cruel and foolish things for money because they feel oppressed by a sense of lack. If people knew their power to generate wealth, they would never fight or hurt each other over money.

Alan Cohen

The really big problem with China is that there are the unfair trade practices, like currency manipulation, illegal export subsidies and the theft of intellectual property, but then there's also things that the WTO doesn't cover that it should, which is the use of sweat shops and pollution havens.

Peter Navarro

Money is not the root of all kinds of evil. The love of money is. It’s also the root of a lot of bad art.

Michael Gungor

China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks.

Virginia Foxx

Just as it is the love of money that is the root of all evil, it is the belief in shamefulness that is the root of all misery.

Stephen Fry

So you think that money is the root of all evil. Have you ever asked what is the root of all money?

Ayn Rand

Money is the root of all evil. Yeah, money is the root. It's not racism and "this-ism" and "that-ism"; it's our thirst and hunger for money. And that's where all the bodies are buried.

Ice Cube

As commerce secretary, I led the Clinton administration's effort to ensure China's entry into the World Trade Organization and the permanent normalization of trade between the U.S. and China - steps that produced a 76 percent increase in U.S. exports to China in just three years.

William M. Daley

We have trade with China. We lose hundreds of billions of dollars a year on trade with China. They know how I feel. It's not going to continue like that. But if China helps us, I feel a lot differently toward trade. A lot differently toward trade.