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We have the promise of God's being our God, and of the blessing by Christ for ourselves, as we are Abraham's seed, yet take the whole promise collectively made to him and us.

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Paul Volcker

Less emphasis on inventories, I think, may tend to dampen business cycles, because business cycles are typically in the grasp of inventory cycles and heavy industry cycles.

Business, Cycles, Heavy, Inventory, Think, Thinking
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It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less. [I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with 'free banking. ' The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.

Century, Fact, Facts, Gold, Inflation, Unique

The only thing useful banks have invented in 20 years is the ATM.

Atm, Banks, Thing, Years

The standard of living of the average American has to decline.

American, Average, Decline, Living, Standards

What's the subject of life - to get rich? All of those fellows out there getting rich could be dancing around the real subject of life.

Business, Dancing, Life, Real, Rich

I wish someone would give me one shred of neutral evidence that financial innovation has led to economic growth — one shred of evidence.

Business, Financial, Giving, Innovation, Shred
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