A Quote by Steve Hanke
In Argentina, if the weather is bad, critics will blame it on the currency board.
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Critics kind never mind! Critics flatter no matter! Critics blame all the same! Do your best damn the rest!
I love rainy and bad-weather days because this type of weather gives me a mental advantage, especially when I'm fishing in a tournament. When the weather is inclement, most fishermen start thinking of reasons why they can't catch bass. But, because I fish so often in bad weather, I'm thinking of all the reasons I can catch bass in bad weather conditions.
We often hear of bad weather, but in reality no weather is bad. It is all delightful, though in different ways. Some weather may be bad for farmers or crops, but for man all kinds are good. Sunshine is delicious, rain is refreshing, wind braces us up, snow is exhilarating.
I reverently believe that the Maker who made us all makes everything in New England but the weather. I don't know who makes that, but I think it must be raw apprentices in the weather clerk's factory who experiment and learn how, in New England, for board and clothes, and then are promoted to make weather for countries that require a good article, and will take their custom elsewhere if they don't get it...
Weather is real. It is absolutely real: when it rains, it rains – you get wet, there is no question about it. It is also true about weather that you can’t control it; you can’t say if I wish hard enough it won’t rain. It is equally true that if the weather is bad one day it will get better and what I had to learn was to treat my moods like the weather.
There's no such thing as good weather, or bad weather. There's just weather and your attitude towards it.
It is very difficult to enter a single currency zone having fairly weak economic parameters and maintain a favourable state of the economy, not to mention positive growth rates. We have witnessed it not only in Europe, but for example in Argentina (nearly 10 years ago or more), when they tied the national currency to the dollar and later they did not know what to do about it.
I hate all those weathermen, too, who tell you that rain is bad weather. There's no such thing as bad weather, just the wrong clothing.
Everything you do in life, I don't care, good or bad - don't blame God, don't blame the devil, don't blame me, blame you. You control everything! The thoughts you think, the words you utter, the foods you eat, the exercise you do. Everything is controlled by you.
Historically, bad money always drives out good. Accordingly, if a central bank anywhere in the world sets up its currency to be backed by any kind of hard currency, it would cause people all around the world to desire that currency for their savings, rather than dollars.
A product can turn bad, not the production. When you start a film, you feel it will be great. But sometimes, as it progresses, it fails somewhere. You can't blame anyone for that. You can blame only your own intelligence!
All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.
A lot of comedians, when they have a bad gig, will blame everything but themselves. They'll blame the crowd, or the room was wrong, it had a weird vibe, or the promoter promoted a weird atmosphere.
Argentina shows opportunity for doing good business, taking care of the environment to fight climate change, paying taxes. Argentina will continue to grow.
So if I were talking to a young writer, I would recommend the cultivation of extreme indifference to both praise and blame because praise will lead you to vanity, and blame will lead you to self-pity, and both are bad for writers.
The lesson for Asia is; if you have a central bank, have a floating exchange rate; if you want to have a fixed exchange rate, abolish your central bank and adopt a currency board instead. Either extreme; a fixed exchange rate through a currency board, but no central bank, or a central bank plus truly floating exchange rates; either of those is a tenable arrangement. But a pegged exchange rate with a central bank is a recipe for trouble.
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