The value of a currency is, ultimately, what someone will give you for it – whether in food, fuel, assets, or labor. And that’s always and everywhere a subjective decision.
To measure prices by a currency that is called by the same names as gold, but that is really inferior in value to gold, and then – because those prices are nominally higher than gold prices – to say that they are inflated, relatively to gold, is a perfect absurdity.
The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency.
I mean, I’m a conservative. I believe that, you know, if you borrow too much, you just build up debts for your children to pay off. You put pressure on interest rates. You put at risk your economy. That’s the case in Britain. We’re not a reserve currency, so we need to get on and deal with this issue.
The average person may, at a high level, think of us as a digital currency bank, but we’re not a bank.
It’s in our interests that the euro is a successful, strong currency.
English businesses would face massive transaction costs if Scotland, their second biggest export market, used a different currency.
Well, I make a practice of not commenting on the role of the relative exchange value of our currency.
The creation of a consumer agency, structured similarly to the Office of the Comptroller of the Currency, levels the playing field. It gives consumers a powerful advocate at the federal level.
What happens often – although I’m not particularly a victim of this sort of thing – is that somebody will make a quote, or invent a remark and it gets printed, ends up on the ‘net and it becomes currency. And some of them are so bizarre!
I can’t imagine it if beauty was the only currency I used as an actress. It just doesn’t interest me.
My view is that the bitcoin is in its very early days, and it is an artificial currency. But whether it is creating new money, whether it is sustainable, whether it would survive – I have many questions about it.
In Peru, awareness of fake currency is so high that retail shops regularly provide cashiers with hole punchers. When a fake bill is received, the cashier quickly pops out a few holes before curtly returning the bill to an oft-surprised client.
Besides having an audience, the most important currency for any leader is his or her reputation. And having a reputation for over-delivering on what’s expected of you should give your visitors, subscribers and customers more reason to spend their money with you and refer their friends.
I think it’s going to end up a lot like the Internet. Some countries try to regulate the Internet – bitcoin will be very much like that. It will be legal, and there will be some countries with currency control.
When not only gold but all commodities are available for the redemption of the paper currency, its volume is limited only by the value of all the wealth of the country, and it can never become insecure up to this limit.
Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are checks drawn on insufficient funds.
For decades, without so much as a peep from the Trump-hating establishment, China manipulated its currency and stole American technology.
I know what I’m worth, and I don’t feel I should be talked about as currency for someone else.
Mischief springs from the power which the moneyed interest derives from a paper currency which they are able to control, from the multitude of corporations with exclusive privileges… which are employed altogether for their benefit.
I think that the future of currency is digital, and Bitcoin has a good shot at being the currency of the future.
Bitcoin is valuable as a currency because of the economic efficiencies the bitcoin network is already creating as transactions flow over it. As with the Internet, more applications will flourish which will make the bitcoin network, and thus bitcoin as a currency, valuable.
After PayPal, I never thought I would get interested in payments again. But bitcoin is fulfilling PayPal’s original vision to create ‘the new world currency.’
It’s not so unusual to run out of someone else’s currency.
By lowering the barrier to create new digital currency applications, we’ll see an explosion in the number of ideas tried. We’ll invest in, partner with, or build a number of new applications in this space, including replacements for many of the services people use in finance 1.0.
Online, there is an irresistible social currency to being a user who has thousands of followers, who starts memes, who comes up with an idea that is turned into a movie. But I wonder how comfortable we should be with this arrangement.
Money is my military, each dollar a soldier. I never send my money into battle unprepared and undefended. I send it to conquer and take currency prisoner and bring it back to me.
To ensure fair competition, there must be effective controls on currency manipulation, and monopoly pricing needs to be outlawed on such items as intellectual property, especially pharmaceuticals.
This Bitcoin currency is a voluntary decentralized currency, anonymous. It can’t be shut down by anyone; there are no central servers.
I want to help create the world’s first global currency built on the Internet and built on open platforms and standards such as Bitcoin, and I want to build a financial services institution on top of that. That’s what I’m doing with Circle.
If I had political responsibility, I would want to prepare for a plan B that would foresee that the European currency union, that the eurozone, no longer necessarily consists of 17 member states. And that means to make provisions so that other countries are not pulled into the maelstrom through contagion.
A weak currency is the sign of a weak economy, and a weak economy leads to a weak nation.
By encouraging its citizens to violate our border, Mexico is pushing a tremendous welfare burden off of its shoulders and onto ours, while also benefiting from the significant sums of U.S. currency that these workers will eventually send back home to their families.
Ambition, of course, is the politician’s currency.
I was very excited about a currency that was not controlled by a central government, that could be a free market currency. That was all the incentive I needed to dedicate my life to it.
I delight in offending people. I think the grievance brigade, victimhood, the idea that hurt feelings are some kind of special currency – I think that needs to come to an end.
Virtual currency, where it’s called a bitcoin vs. a U.S. dollar, that’s going to be stopped. No government will ever support a virtual currency that goes around borders and doesn’t have the same controls. It’s not going to happen.
Every increase of protective duties is necessarily followed, in the present condition of our country, by an expansion of the currency, which must continue to increase till the increased price of production, caused by the expansion, shall be equal to the duty imposed, when a new tariff will be required.
I’m much more confident with crypto than with banks or fiat currency because I can actually control it, and the money supply is transparent, stated up front. It makes online shopping a lot easier and a lot safer.
We have the EURO as a currency, which means a lot. It has not just stabilized the situation in Kosovo politically and economically, but also facilitated the direct contact that we have with Europe.
China became the second biggest economy in the world by pegging their currency to the dollar at an artificially cheap rate.
If you look at history, there seems to be a regular pattern: the country with the most powerful military also happens to be the one with the world trade currency. That gives them an enormous economic advantage, which causes goods to flow into their country.
I believe the world economy will crash when Russia or China moves to a gold-backed currency. They know that when this thing blows, the old law returns: he with most gold makes the rules.
The benefits from a world currency would be enormous.
China needs a currency that reflects underlying economic fundamentals.
The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.
Bitcoin is two things which share a name. One, it’s a payment system, and two, it’s a currency. You use the Bitcoin payment system to send bitcoins as currency from one account holder to another. The transfer is instantaneous, carries no fee, works anywhere in the world, and is private.
In these times of uncertainty for paper-based currency, I feel more secure in holding gold.
I am in favor of high wages and agree that the higher the wages, the stronger the evidence of prosperity, provided (and that is the important point) they are so naturally, by the effectiveness of industry, and not in consequence of an inflated currency or any artificial regulation.
In New York, appearance is a form of currency or, at the very least, a calling card. One must look wealthy in order to be recognised as a person of worth.
