A Quote by Robert Lucas, Jr.
The observation that money changes induce output changes in the same direction receives confirmation in some data sets but is hard to see in others. Large-scale reductions in money growth can be associated with large-scale depressions or, if carried out in the form of a credible reform, with no depression at all.
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Tax increases appear to have a very large sustained and highly significant negative impact on output. Since most of our exogenous tax changes are in fact reductions, the more intuitive way to express this result is that tax cuts have very large and persistent positive output effects
We control the world basically because we are the only animals that can cooperate flexibly in very large numbers. And if you examine any large-scale human cooperation, you will always find that it is based on some fiction like the nation, like money, like human rights.
The frontiers of science, on the very small scale and very large scale, require large investments and international effort.
Credible reporting indicates that Al Qaeda is moving forward with its plans to carry out a large-scale attack in the United States in an effort to disrupt our democratic process.
London changes because of money. It's real estate. If they can build some offices or expensive apartments they will, it's money that changes everything in a city.
I was born behind the Iron Curtain, and I remember heated discussions about large-scale terra-forming projects, such as reversing the direction of the river Ob or putting up large reflectors into space to heat up Siberia.
However, the combination of civil resistance, of large-scale mass activities and strikes, with a certain degree of revolutionary violence, could provoke a crisis in the enemy's camp that would ultimately lead to essential changes.
Everything that can be found in the universe on a large scale is reflected in a human being on a small scale.
Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
"The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation.
An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.
A depression is a large-scale decline in production and trade...there is nothing in the nature of a free-market economy to cause such an event.
Out of some persistent sense of large-scale ruin, we kept inventing hope.
Large-scale public projects require the agreement of large numbers of people.
Money can add very much to one's ability to lead a constructive life, not only pleasant for oneself, but, hopefully, beneficial to others. My grandfather, along with Carnegie, was a pioneer in philanthropy, which my father then practiced on a very large scale. The Christian ethic played an essential part in my upbringing.
In the charitable world, I find myself giving to large projects that I think can make a large-scale impact.
I sincerely believe that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
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