---
title: "221 Interest rate Quotes by 143 authors"
description: "Browse 221 Interest rate quotes by 143 authors. Discover the best Interest rate sayings and thoughts."
image: "https://sms4smile.com/quotes/i/a6b/seth-klarman-1979_customer_the-government-can-indefinitely-control_1322527.png"
---

> [The government can indefinitely control both short-term and long-term interest rates.](https://sms4smile.com/quotes/seth-klarman/the-government-can-indefinitely-control-both-short-term-and-long-term/)

[Seth Klarman](https://sms4smile.com/quotes/author/seth-klarman/)

[Image](https://sms4smile.com/quotes/i/a6b/seth-klarman-1979_customer_the-government-can-indefinitely-control_1322527.png)

> [After the accession to the euro zone, interest rates declined substantially in Portugal.](https://sms4smile.com/quotes/anibal-cavaco-silva/after-the-accession-to-the-euro-zone-interest-rates-declined/)

[Anibal Cavaco Silva](https://sms4smile.com/quotes/author/anibal-cavaco-silva/)

[Image](https://sms4smile.com/quotes/i/312/anibal-cavaco-silva-48180_after_after-the-accession-to-the-euro-zone-int_2854694.jpg)

> [If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.](https://sms4smile.com/quotes/ray-dalio/if-inflation-adjusted-interest-rates-decline-in-a-given-country-its/)

[Ray Dalio](https://sms4smile.com/quotes/author/ray-dalio/)

[Image](https://sms4smile.com/quotes/i/9f1/ray-dalio-299_country_if-inflation-adjusted-interest-rates-dec_502608.jpg)

> [Most savings rates are based on underlying interest rates.](https://sms4smile.com/quotes/martin-lewis/most-savings-rates-are-based-on-underlying-interest-rates/)

[Martin Lewis](https://sms4smile.com/quotes/author/martin-lewis/)

[Image](https://sms4smile.com/quotes/i/4b4/martin-lewis-71065_interest_most-savings-rates-are-based-on-underlyi_1289007.jpg)

> [And so the danger for the housing industry is if we see interest rates rise.](https://sms4smile.com/quotes/franklin-raines/and-so-the-danger-for-the-housing-industry-is-if-we-see-interest/)

[Franklin Raines](https://sms4smile.com/quotes/author/franklin-raines/)

[Image](https://sms4smile.com/quotes/i/227/franklin-raines-28925_danger_and-so-the-danger-for-the-housing-indust_138482.jpg)

> [Public opinion always wants easy money, that is, low interest rates.](https://sms4smile.com/quotes/ludwig-von-mises/public-opinion-always-wants-easy-money-that-is-low-interest-rates/)

[Ludwig von Mises](https://sms4smile.com/quotes/author/ludwig-von-mises/)

[Image](https://sms4smile.com/quotes/i/2d0/ludwig-von-mises-364_easy_public-opinion-always-wants-easy-money-t_1876590.png)

> [High interest rates focus on the revenue of a parasitic class.](https://sms4smile.com/quotes/linda-mcquaig/high-interest-rates-focus-on-the-revenue-of-a-parasitic-class-2/)

[Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/)

[Image](https://sms4smile.com/quotes/i/621/linda-mcquaig-38650_capitalism_high-interest-rates-focus-on-the-revenue_2318690.png)

> [The interest rate you receive, however, is contingent on your credit score.](https://sms4smile.com/quotes/jean-chatzky/the-interest-rate-you-receive-however-is-contingent-on-your-credit/)

[Jean Chatzky](https://sms4smile.com/quotes/author/jean-chatzky/)

[Image](https://sms4smile.com/quotes/i/a30/jean-chatzky-15313_contingent_the-interest-rate-you-receive-however-is_1771598.png)

> [It does not stand to give banks millions of dollars at an interest rate of one percent, when banks charge students an…](https://sms4smile.com/quotes/jesse-jackson/it-does-not-stand-to-give-banks-millions-of-dollars-at-an-interest/)

[Jesse Jackson](https://sms4smile.com/quotes/author/jesse-jackson/)

[Image](https://sms4smile.com/quotes/i/74f/jesse-jackson-1161_doe_it-does-not-stand-to-give-banks-millions_2020212.jpg)

> [A tight-money policy reinforces inequality in two ways. Its high interest rates disproportionately reward the rich, and the resulting unemployment disproportionately punishes…](https://sms4smile.com/quotes/linda-mcquaig/a-tight-money-policy-reinforces-inequality-in-two-ways-its-high/)

[Linda McQuaig](https://sms4smile.com/quotes/author/linda-mcquaig/)

[Image](https://sms4smile.com/quotes/i/604/linda-mcquaig-38650_capitalism_a-tight-money-policy-reinforces-inequali_157956.png)

> [Bank One has got one of the best credit card divisions, ... The perception of investors is that financial services stocks are…](https://sms4smile.com/quotes/david-dreman/bank-one-has-got-one-of-the-best-credit-card-divisions-the-perception/)

[David Dreman](https://sms4smile.com/quotes/author/david-dreman/)

[Image](https://sms4smile.com/quotes/i/af9/david-dreman-29428_affected_bank-one-has-got-one-of-the-best-credit_1531276.jpg)

> [We need economic growth in Europe and we need to find a solution for the excessive interest rates that are making it…](https://sms4smile.com/quotes/martin-schulz/we-need-economic-growth-in-europe-and-we-need-to-find-a-solution-for/)

[Martin Schulz](https://sms4smile.com/quotes/author/martin-schulz/)

[Image](https://sms4smile.com/quotes/i/6d0/martin-schulz-2953_country_we-need-economic-growth-in-europe-and-we_2114756.jpg)

> [Despite Russia's move to raise interest rates this week, the value of the ruble has continued to crash. Russia's economy is so…](https://sms4smile.com/quotes/jimmy-fallon/despite-russia-s-move-to-raise-interest-rates-this-week-the-value-of/)

[Jimmy Fallon](https://sms4smile.com/quotes/author/jimmy-fallon/)

[Image](https://sms4smile.com/quotes/i/faa/jimmy-fallon-656_craigslist_despite-russia-s-move-to-raise-interest_113328.jpg)

> [Regional interest rate differentials persisted until around the time of World War I and helped shape the attitudes of Americans living in…](https://sms4smile.com/quotes/jerome-powell/regional-interest-rate-differentials-persisted-until-around-the-time/)

[Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/)

[Image](https://sms4smile.com/quotes/i/efd/jerome-powell-7353_interest-rate_regional-interest-rate-differentials-per_1269932.jpg)

> [Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth.](https://sms4smile.com/quotes/gerald-epstein/increases-in-interest-rates-normally-worsen-inequality-at-least/)

[Gerald Epstein](https://sms4smile.com/quotes/author/gerald-epstein/)

[Image](https://sms4smile.com/quotes/i/a62/gerald-epstein-28513_employment_increases-in-interest-rates-normally-wor_2816825.png)

> [The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the…](https://sms4smile.com/quotes/john-hull/the-real-challenge-was-to-model-all-the-interest-rates-simultaneously/)

[John Hull](https://sms4smile.com/quotes/author/john-hull/)

[Image](https://sms4smile.com/quotes/i/64c/john-hull-28186_challenge_the-real-challenge-was-to-model-all-the_2491288.jpg)

> [Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or…](https://sms4smile.com/quotes/bernie-sanders/student-debt-is-crushing-the-lives-of-millions-of-americans-how-does/)

[Bernie Sanders](https://sms4smile.com/quotes/author/bernie-sanders/)

[Image](https://sms4smile.com/quotes/i/f5a/bernie-sanders-233_affordable_student-debt-is-crushing-the-lives-of-mi_454763.jpg)

> [Raising interest rates might lead to some initial reductions in wealth by lowering asset prices, but it could also take a bite…](https://sms4smile.com/quotes/gerald-epstein/raising-interest-rates-might-lead-to-some-initial-reductions-in/)

[Gerald Epstein](https://sms4smile.com/quotes/author/gerald-epstein/)

[Image](https://sms4smile.com/quotes/i/93a/gerald-epstein-28513_assets_raising-interest-rates-might-lead-to-som_1432717.jpg)

> [The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them…](https://sms4smile.com/quotes/joseph-stiglitz/the-recovery-of-the-banks-is-what-happens-when-you-reduce-competition/)

[Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/)

[Image](https://sms4smile.com/quotes/i/6d1/joseph-stiglitz-1351_competition_the-recovery-of-the-banks-is-what-happen_3129836.jpg)

> [If you're making all your money simply betting on interest rates, that's not a business. Flow is a business. On the outside,…](https://sms4smile.com/quotes/jamie-dimon/if-you-re-making-all-your-money-simply-betting-on-interest-rates-that/)

[Jamie Dimon](https://sms4smile.com/quotes/author/jamie-dimon/)

[Image](https://sms4smile.com/quotes/i/a76/jamie-dimon-1320_betting_if-you-re-making-all-your-money-simply-b_1238095.jpg)

> [To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates…](https://sms4smile.com/quotes/james-grant/to-suppose-that-the-value-of-a-common-stock-is-determined-purely-by-a/)

[James Grant](https://sms4smile.com/quotes/author/james-grant/)

[Image](https://sms4smile.com/quotes/i/83a/james-grant-26489_burned_to-suppose-that-the-value-of-a-common-st_1699179.jpg)

> [I've found that when you can quickly knock out debt you get motivated because you see progress. Then you attack the other…](https://sms4smile.com/quotes/michelle-singletary/i-ve-found-that-when-you-can-quickly-knock-out-debt-you-get-motivated/)

[Michelle Singletary](https://sms4smile.com/quotes/author/michelle-singletary/)

[Image](https://sms4smile.com/quotes/i/9e3/michelle-singletary-8251_debt_i-ve-found-that-when-you-can-quickly-kno_897850.jpg)

> [You know what higher interest rates mean. To you it means a higher mortgage payment, a higher car payment, a higher credit…](https://sms4smile.com/quotes/william-j-clinton/you-know-what-higher-interest-rates-mean-to-you-it-means-a-higher/)

[William J. Clinton](https://sms4smile.com/quotes/author/william-j-clinton/)

[Image](https://sms4smile.com/quotes/i/2d2/william-j-clinton-302_business-people_you-know-what-higher-interest-rates-mean_1921972.jpg)

> [We're guessing at our future opportunity cost. Warrenis guessing that he'll have the opportunity to put capital out at high rates of…](https://sms4smile.com/quotes/charlie-munger/we-re-guessing-at-our-future-opportunity-cost-warrenis-guessing-that/)

[Charlie Munger](https://sms4smile.com/quotes/author/charlie-munger/)

[Image](https://sms4smile.com/quotes/i/cf1/charlie-munger-458_cost_we-re-guessing-at-our-future-opportunity_3036743.jpg)

> [“Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get…](https://sms4smile.com/quotes/yanis-varoufakis/debtors-prisons-were-ultimately-abandoned-because-despite-their/)

[Yanis Varoufakis](https://sms4smile.com/quotes/author/yanis-varoufakis/)

[Image](https://sms4smile.com/quotes/i/ca7/yanis-varoufakis-10824_insolvency_debtors-prisons-were-ultimately-abandone_3126470.jpg)

> [The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of…](https://sms4smile.com/quotes/rudy-giuliani/the-reality-is-the-most-important-thing-that-can-be-done-are-these/)

[Rudy Giuliani](https://sms4smile.com/quotes/author/rudy-giuliani/)

[Image](https://sms4smile.com/quotes/i/356/rudy-giuliani-958_change_the-reality-is-the-most-important-thing_1525133.jpg)

> [The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've…](https://sms4smile.com/quotes/david-stockman/the-stock-market-in-japan-was-half-the-world-market-and-where-has-the/)

[David Stockman](https://sms4smile.com/quotes/author/david-stockman/)

[Image](https://sms4smile.com/quotes/i/409/david-stockman-22367_bubbles_the-stock-market-in-japan-was-half-the-w_418975.jpg)

> [There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital…](https://sms4smile.com/quotes/philip-kotler/there-are-times-when-a-market-such-as-housing-transportation-or-the/)

[Philip Kotler](https://sms4smile.com/quotes/author/philip-kotler/)

[Image](https://sms4smile.com/quotes/i/56a/philip-kotler-8278_abundance_there-are-times-when-a-market-such-as-ho_1709443.jpg)

> [My financial adviser Ric Edelman...thinks the time to start educating people about money is when they are children. He's set up a…](https://sms4smile.com/quotes/cal-thomas/my-financial-adviser-ric-edelman-thinks-the-time-to-start-educating/)

[Cal Thomas](https://sms4smile.com/quotes/author/cal-thomas/)

[Image](https://sms4smile.com/quotes/i/2f8/cal-thomas-9453_adviser_my-financial-adviser-ric-edelman-thinks_3155503.png)

> [The key is if the economic data stays soft, maybe we don't have to worry much about interest rates anymore. Then we…](https://sms4smile.com/quotes/douglas-cliggott/the-key-is-if-the-economic-data-stays-soft-maybe-we-don-t-have-to/)

[Douglas Cliggott](https://sms4smile.com/quotes/author/douglas-cliggott/)

[Image](https://sms4smile.com/quotes/i/0d2/douglas-cliggott-233687_customer_the-key-is-if-the-economic-data-stays-so_2266181.png)

> [A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest…](https://sms4smile.com/quotes/robert-rubin/a-strong-currency-means-that-american-consumers-and-businesses-can/)

[Robert Rubin](https://sms4smile.com/quotes/author/robert-rubin/)

[Image](https://sms4smile.com/quotes/i/eb3/robert-rubin-33351_benefits_a-strong-currency-means-that-american-co_1925130.jpg)

> [We live in a global market and money's fungible and hedge fund private equity is looking for momentum plays, and there ain't…](https://sms4smile.com/quotes/kevin-kinsella/we-live-in-a-global-market-and-money-s-fungible-and-hedge-fund/)

[Kevin Kinsella](https://sms4smile.com/quotes/author/kevin-kinsella/)

[Image](https://sms4smile.com/quotes/i/36a/kevin-kinsella-36072_adrenaline_we-live-in-a-global-market-and-money-s-f_1092357.jpg)

> [“Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the…](https://sms4smile.com/quotes/david-harvey/beyond-the-speculative-and-often-fraudulent-froth-that-characterizes/)

[David Harvey](https://sms4smile.com/quotes/author/david-harvey/)

[Image](https://sms4smile.com/quotes/i/25d/david-harvey-10654_capital-accumulation_beyond-the-speculative-and-often-fraudul_2553875.jpg)

> [“About 4,400 years ago 8 people stepped off Noah’s ark. According to the United Nations Population Growth Statistics, the world’s population grows…](https://sms4smile.com/quotes/michael-ben-zehabe/about-4-400-years-ago-8-people-stepped-off-noah-s-ark-according-to/)

[Michael Ben Zehabe](https://sms4smile.com/quotes/author/michael-ben-zehabe/)

[Image](https://sms4smile.com/quotes/i/c57/michael-ben-zehabe-10139_bible-stories_about-4-400-years-ago-8-people-stepped-o_560919.jpg)

> [“This is from Elizabeth,” it said. “She has sold Havenhurst.” A pang of guilt and shock sent Ian to his feet as…](https://sms4smile.com/quotes/judith-mcnaught/this-is-from-elizabeth-it-said-she-has-sold-havenhurst-a-pang-of/)

[Judith McNaught](https://sms4smile.com/quotes/author/judith-mcnaught/)

[Image](https://sms4smile.com/quotes/i/d30/judith-mcnaught-687_change-of-heart_this-is-from-elizabeth-it-said-she-has-s_1231036.jpg)

> [“Net wages: “It’s not what you make, but what you net” after paying the FIRE sector, basic utilities and taxes. The usual…](https://sms4smile.com/quotes/michael-hudson/net-wages-it-s-not-what-you-make-but-what-you-net-after-paying-the/)

[Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/)

[Image](https://sms4smile.com/quotes/i/e7a/michael-hudson-2134_cable-tv_net-wages-it-s-not-what-you-make-but-wha_783125.jpg)

> [“The Fed is responsible for the financial markets. Financial markets hate inflation. Particularly bond markets. If the inflation rises, the Fed has…](https://sms4smile.com/quotes/dean-baker/the-fed-is-responsible-for-the-financial-markets-financial-markets/)

[Dean Baker](https://sms4smile.com/quotes/author/dean-baker/)

[Image](https://sms4smile.com/quotes/i/de2/dean-baker-56004_bond-market_the-fed-is-responsible-for-the-financial_2762545.jpg)

> [“Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece…](https://sms4smile.com/quotes/yanis-varoufakis/forcing-new-loans-upon-the-bankrupt-on-condition-that-they-shrink-2/)

[Yanis Varoufakis](https://sms4smile.com/quotes/author/yanis-varoufakis/)

[Image](https://sms4smile.com/quotes/i/1e2/yanis-varoufakis-10824_austerity_forcing-new-loans-upon-the-bankrupt-on-c_712645.jpg)

> [“There is an optimum rate of discounting the future—mathematically, an optimum interest rate—which depends on how long you expect to live, how…](https://sms4smile.com/quotes/steven-pinker/there-is-an-optimum-rate-of-discounting-the-future-mathematically-an/)

[Steven Pinker](https://sms4smile.com/quotes/author/steven-pinker/)

[Image](https://sms4smile.com/quotes/i/fb3/steven-pinker-526_interest-rate_there-is-an-optimum-rate-of-discounting_2351620.jpg)

> [Our whole lives, did any of us actually think a quarter of a percent was actually an interest rate?](https://sms4smile.com/quotes/howard-lutnick/our-whole-lives-did-any-of-us-actually-think-a-quarter-of-a-percent/)

[Howard Lutnick](https://sms4smile.com/quotes/author/howard-lutnick/)

[Image](https://sms4smile.com/quotes/i/d6f/howard-lutnick-17502_actually_our-whole-lives-did-any-of-us-actually-t_2361878.jpg)

## Top authors on Interest rate

- [Warren Buffett 6 quotes](https://sms4smile.com/quotes/about/interest-rate/warren-buffett/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b023/author-suze-orman-88265.jpg) Suze Orman 5 quotes ](https://sms4smile.com/quotes/about/interest-rate/suze-orman/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b014/author-joseph-stiglitz-53499.jpg) Joseph Stiglitz 5 quotes ](https://sms4smile.com/quotes/about/interest-rate/joseph-stiglitz/)
- [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b006/author-charles-henry-fowler-22367.jpg) David Stockman 5 quotes ](https://sms4smile.com/quotes/about/interest-rate/david-stockman/)

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                        "text": "Despite Russia's move to raise interest rates this week, the value of the ruble has continued to crash. Russia's economy is so bad, Edward Snowden had to put government secrets on Craigslist.",
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                        "text": "Student debt is crushing the lives of millions of Americans. How does it happen that we can get a home mortgage or purchase a car with interest rates half of that being paid for student loans? We must make higher education affordable for all. We must substantially lower interest rates on student loans. This must be a national priority.",
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                        "text": "If you're making all your money simply betting on interest rates, that's not a business. Flow is a business. On the outside, they look the same for a while. But when you dig into them, no, they weren't exactly the same.",
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                        "text": "To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by the relevant interest rates and adjusted for the marginal tax rate is to forget that people have burned witches, gone to war on a whim, risen to the defense of Joseph Stalin and believed Orson Welles when he told them over the radio that the Martians had landed.",
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                            "@type": "Person",
                            "name": "James Grant"
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                            "caption": "“To suppose that the value of a common stock is determined purely by a corporation's earnings discounted by…” — James Grant",
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                        "text": "I've found that when you can quickly knock out debt you get motivated because you see progress. Then you attack the other debt so fast that even if it's at a higher interest rate, you don't end up paying much more because you've gotten rid of it.",
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                            "caption": "“I've found that when you can quickly knock out debt you get motivated because you see progress. Then you…” — Michelle Singletary",
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                        "text": "You know what higher interest rates mean. To you it means a higher mortgage payment, a higher car payment, a higher credit card payment. To our economy, it means business people will not borrow as much money, invest as much money, create as many new jobs, create as much wealth, raise as many raises.",
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                            "name": "William J. Clinton"
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                            "caption": "“You know what higher interest rates mean. To you it means a higher mortgage payment, a higher car payment, a…” — William J. Clinton",
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                        "@type": "Quotation",
                        "text": "We're guessing at our future opportunity cost. Warrenis guessing that he'll have the opportunity to put capital out at high rates of return, so he's not willing to put it out at less than 10% now. But if we knew interest rates would stay at 1%, we'd change. Our hurdles reflect our estimate of future opportunity costs.",
                        "creator": {
                            "@type": "Person",
                            "name": "Charlie Munger"
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                        "url": "https://sms4smile.com/quotes/charlie-munger/we-re-guessing-at-our-future-opportunity-cost-warrenis-guessing-that/",
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                            "caption": "“We're guessing at our future opportunity cost. Warrenis guessing that he'll have the opportunity to put…” — Charlie Munger",
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                        "@type": "Quotation",
                        "text": "“Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money back. For capitalism to advance in the nineteenth century, the absurd notion that all debts are sacred had to be ditched and replaced with the notion of limited liability. After all, if all debts are guaranteed, why should lenders lend responsibly? And why should some debts carry a higher interest rate than other debts, reflecting the higher risk of going bad? Bankruptcy and debt write-downs became for capitalism what hell had always been for Christian dogma – unpleasant yet essential – but curiously bankruptcy-denial was revived in the twenty-first century to deal with the Greek state’s insolvency.”",
                        "creator": {
                            "@type": "Person",
                            "name": "Yanis Varoufakis"
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                            "caption": "“Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the…” — Yanis Varoufakis",
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                        "text": "The reality is the most important thing that can be done are these permanent changes like to the tax code, reduction of government spending. These are the things that pop up in economy and move it in the right direction, start to make it an economy that is moving because of the money in the private economy. When you think about it, when the Fed is lowering an interest rate, what it's doing is it's creating more liquidity. It's putting more money into the economy. The same thing happens when you reduce the tax except if happens from physical policy.",
                        "creator": {
                            "@type": "Person",
                            "name": "Rudy Giuliani"
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                            "caption": "“The reality is the most important thing that can be done are these permanent changes like to the tax code…” — Rudy Giuliani",
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                        "@type": "Quotation",
                        "text": "The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s? Nowhere. They've been struggling for two decades in the aftermath of a massive bubble that's collapsed. They've tried to work their way out of it by printing even more money and it hasn't worked. Now, I'm saying this is what all the central banks are doing. There is no honest interest rate in the world today.",
                        "creator": {
                            "@type": "Person",
                            "name": "David Stockman"
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                        "url": "https://sms4smile.com/quotes/david-stockman/the-stock-market-in-japan-was-half-the-world-market-and-where-has-the/",
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                            "caption": "“The stock market in Japan was half the world market and where has the Japan economy gone since the 1990s?…” — David Stockman",
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                        "@type": "Quotation",
                        "text": "There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.",
                        "creator": {
                            "@type": "Person",
                            "name": "Philip Kotler"
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                        "url": "https://sms4smile.com/quotes/philip-kotler/there-are-times-when-a-market-such-as-housing-transportation-or-the/",
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                            "caption": "“There are times when a market such as housing, transportation or the stock or mortgage market keep rising…” — Philip Kotler",
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                        "@type": "Quotation",
                        "text": "My financial adviser Ric Edelman...thinks the time to start educating people about money is when they are children. He's set up a retirement plan called the RIC-E-Trust that can provide retirement security. A $5,000 one-time tax-deferred investment at birth, with an average interest rate of ten percent compounded, means that a child would have $2.4 million when he or she is 65 years old. Who needs Social Security with that kind of nest egg?",
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                            "@type": "Person",
                            "name": "Cal Thomas"
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                            "caption": "“My financial adviser Ric Edelman...thinks the time to start educating people about money is when they are…” — Cal Thomas",
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                    "item": {
                        "@type": "Quotation",
                        "text": "The key is if the economic data stays soft, maybe we don't have to worry much about interest rates anymore. Then we need to worry about earnings. What gave us a really strong move in stock prices from late May until about two weeks ago was this heightened optimism that maybe interest rates are at that high. That gave you a relief rally. Now reality is setting in - if we've seen the worst on interest rates then we've seen the best on earnings.",
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                            "@type": "Person",
                            "name": "Douglas Cliggott"
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                            "caption": "“The key is if the economic data stays soft, maybe we don't have to worry much about interest rates anymore…” — Douglas Cliggott",
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                        "@type": "Quotation",
                        "text": "A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower, ... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.",
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                            "@type": "Person",
                            "name": "Robert Rubin"
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                        "url": "https://sms4smile.com/quotes/robert-rubin/a-strong-currency-means-that-american-consumers-and-businesses-can/",
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                            "caption": "“A strong currency means that American consumers and businesses can buy imported goods and services more…” — Robert Rubin",
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                        "@type": "Quotation",
                        "text": "We live in a global market and money's fungible and hedge fund private equity is looking for momentum plays, and there ain't no momentum plays in bonds, right? When the interest rates were spiking up or down, well they never really spike down they do spike up though. Something's got to happen, there's got to be motion, the dice has to be rolling on the board, and if it's not then they're not going to play because they're not going to get the adrenaline rush from looking at... you know, money markets fund interest rates or bond interests or whatever. It's got to be sexy.",
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                            "name": "Kevin Kinsella"
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                        "url": "https://sms4smile.com/quotes/kevin-kinsella/we-live-in-a-global-market-and-money-s-fungible-and-hedge-fund/",
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                            "caption": "“We live in a global market and money's fungible and hedge fund private equity is looking for momentum plays…” — Kevin Kinsella",
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                        "@type": "Quotation",
                        "text": "“Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of ‘the debt trap’ as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker’s interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing ‘bail-outs’ to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, ‘over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center’. ‘What a peculiar world’, sighs Stiglitz, ‘in which the poor countries are in effect subsidizing the richest.”",
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                            "name": "David Harvey"
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                        "url": "https://sms4smile.com/quotes/david-harvey/beyond-the-speculative-and-often-fraudulent-froth-that-characterizes/",
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                            "caption": "“Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial…” — David Harvey",
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                        "text": "“About 4,400 years ago 8 people stepped off Noah’s ark. According to the United Nations Population Growth Statistics, the world’s population grows at about .47% per year. That is the growth rate for all civilizations who kept records. Suppose you put $8.00 in the bank 4,400 years ago and received .47% a year. How much money would you have? What a coincidence! It would be about $7,000,000,000. That’s kind of odd, because 4,400 years ago 8 people stepped off the ark and now we have about 7,000,000,000 people on planet earth. God’s math works! Compound interest is something we teach to seventh-graders. You don’t have to be a professor to figure this out. A twelve-year-old can do the calculation. Ask any seventh-grader, the algebraic equation looks like this: A=P (1+r/n)t . . . where \"A \" is the ending amount (about 7,000,000,000 in this case), \"P \" is the beginning amount (8 in this case), \"r \" is the interest rate (.47% in this case), \"n \" is the number of compoundings a year (1 in this case), and \"t \" is the total number of years (4,400 in this case).”",
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                        "text": "“This is from Elizabeth,” it said. “She has sold Havenhurst.” A pang of guilt and shock sent Ian to his feet as he read the rest of the note: “I am to tell you that this is payment in full, plus appropriate interest, for the emeralds she sold, which, she feels, rightfully belonged to you.” Swallowing audibly, Ian picked up the bank draft and the small scrap of paper with it. On it Elizabeth herself had shown her calculation of the interest due him for the exact number of days since she’d sold the gems, until the date of her bank draft a week ago. His eyes ached with unshed tears while his shoulders began to rock with silent laughter-Elizabeth had paid him half a percent less than the usual interest rate. Thirty minutes later Ian presented himself to Jordan’s butler and asked to see Alexandra. She walked into the room with accusation and ire shooting from her blue eyes as she said scornfully, “I wondered if that note would bring you here. Do you have any notion how much Havenhurst means-meant-to her?” “I’ll get it back for her,” he promised with a somber smile. “Where is she?” Alexandra’s mouth fell open at the tenderness in his eyes and voice. “Where is she?” he repeated with calm determination. “I cannot tell you,” Alex said with a twinge of regret. “You know I cannot. I gave my word.” “Would it have the slightest effect,” Ian countered smoothly, “if I were to ask Jordan to exert his husbandly influence to persuade you to tell me anyway?” “I’m afraid not,” Alexandra assured him. She expected him to challenge that; instead a reluctant smile drifted across his handsome face. When he spoke, his voice was gentle. “You’re very like Elizabeth. You remind me of her.” Still slightly mistrustful of his apparent change of heart, Alex said primly, “I deem that a great compliment, my lord.” To her utter disbelief, Ian Thornton reached out and chucked her under the chin. “I meant it as one,” he informed her with a grin. Turning, Ian started for the door, then stopped at the sight of Jordan, who was lounging in the doorway, an amused, knowing smile on his face. “If you’d keep track of your own wife, Ian, you would not have to search for similarities in mine.” When their unexpected guest had left, Jordan asked Alex, “Are you going to send Elizabeth a message to let her know he’s coming for her?” Alex started to nod, then she hesitated. “I-I don’t think so. I’ll tell her that he asked where she is, which is all he really did.” “He’ll go to her as soon as he figures it out.” “Perhaps.” “You still don’t trust him, do you?” Jordan said with a surprised smile. “I do after this last visit-to a certain extent-but not with Elizabeth’s heart. He’s hurt her terribly, and I won’t give her false hopes and, in doing so, help him hurt her again.” Reaching out, Jordan chucked her under the chin as his cousin had done, then he pulled her into his arms. “She’s hurt him, too, you know.” “Perhaps,” Alex admitted reluctantly. Jordan smiled against her hair. “You were more forgiving when I trampled your heart, my love,” he teased. “That’s because I loved you ,” she replied as she laid her cheek against his chest, her arms stealing around his waist. “And will you love my cousin just a little if he makes amends to Elizabeth?” “I might find it in my heart,” she admitted, “if he gets Havenhurst back for her.” “It’ll cost him a fortune if he tries,” Jordan chuckled. “Do you know who bought it?” “No, do you?” He nodded. “Philip Demarcus.” She giggled against his chest. “Isn’t he that dreadful man who told the prince he’d have to pay to ride in his new yacht up the Thames?” “The very same.” “Do you suppose Mr. Demarcus cheated Elizabeth?” “Not our Elizabeth,” Jordan laughed. “But I wouldn’t like to be in Ian’s place if Demarcus realizes the place has sentimental value to Ian. The price will soar.”",
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                        "text": "“Net wages: “It’s not what you make, but what you net” after paying the FIRE sector, basic utilities and taxes. The usual measure of disposable personal income (DPI) refers to how much employees take home after income-tax withholding (designed in part by Milton Friedman during World War II) and over 15% for FICA (Federal Insurance Contributions Act) to produce a budget surplus for Social Security and health care (half of which are paid by the employer). This forced saving is lent to the U.S. Treasury, enabling it to cut taxes on the higher income brackets. Also deducted from paychecks may be employee withholding for private health insurance and pensions. What is left is by no means freely available for discretionary spending. Wage earners have to pay a monthly financial and real estate “nut” off the top, headed by mortgage debt or rent to the landlord, plus credit card debt, student loans and other bank loans. Electricity, gas and phone bills must be paid, often by automatic bank transfer – and usually cable TV and Internet service as well. If these utility bills are not paid, banks increase the interest rate owed on credit card debt (typically to 29%). Not much is left to spend on goods and services after paying the FIRE sector and basic monopolies, so it is no wonder that markets are shrinking. (See Hudson Bubble Model later in this book.) A similar set of subtrahends occurs with net corporate cash flow (see ebitda). After paying interest and dividends – and using about half their revenue for stock buybacks – not much is left for capital investment in new plant and equipment, research or development to expand production.”",
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                        "text": "“The Fed is responsible for the financial markets. Financial markets hate inflation. Particularly bond markets. If the inflation rises, the Fed has to answer to them. If the unemployment rate is 6% and you could be down at 4% so that means there are 5 million people out of work unnecessarily, they might feel bad about it but they don’t have to answer to them. Alan Greenspan will not get called on the carpet because of that but he will get called on it if inflation goes to 4%. What are you doing! How come you are not jacking up interest rates? There is a huge asymmetry. This is the politics of the Fed. The Fed is very well isolated from democratic political pressures but it is not hard for the financial markets to influence the Fed. We have this NAIRU doctrine that if we let the unemployment rate get below 6% we have inflation and therefore we are going to deliberately raise the interest rate to slow the economy to keep people from getting jobs. No one knows that.”",
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                        "text": "“Forcing new loans upon the bankrupt on condition that they shrink their income is nothing short of cruel and unusual punishment. Greece was never bailed out. With their ‘rescue’ loan and their troika of bailiffs enthusiastically slashing incomes, the EU and IMF effectively condemned Greece to a modern version of the Dickensian debtors’ prison and then threw away the key. Debtors’ prisons were ultimately abandoned because, despite their cruelty, they neither deterred the accumulation of new bad debts nor helped creditors get their money back. For capitalism to advance in the nineteenth century, the absurd notion that all debts are sacred had to be ditched and replaced with the notion of limited liability. After all, if all debts are guaranteed, why should lenders lend responsibly? And why should some debts carry a higher interest rate than other debts, reflecting the higher risk of going bad? Bankruptcy and debt write-downs became for capitalism what hell had always been for Christian dogma – unpleasant yet essential – but curiously bankruptcy-denial was revived in the twenty-first century to deal with the Greek state’s insolvency. Why? Did the EU and the IMF not realize what they were doing? They knew exactly what they were doing. Despite their meticulous propaganda, in which they insisted that they were trying to save Greece, to grant the Greek people a second chance, to help reform Greece’s chronically crooked state and so on, the world’s most powerful institutions and governments were under no illusions. […] Banks restructure the debt of stressed corporations every day, not out of philanthropy but out of enlightened self-interest. But the problem was that, now that we had accepted the EU–IMF bailout, we were no longer dealing with banks but with politicians who had lied to their parliaments to convince them to relieve the banks of Greece’s debt and take it on themselves. A debt restructuring would require them to go back to their parliaments and confess their earlier sin, something they would never do voluntarily, fearful of the repercussions. The only alternative was to continue the pretence by giving the Greek government another wad of money with which to pretend to meet its debt repayments to the EU and the IMF: a second bailout.”",
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                        "text": "“There is an optimum rate of discounting the future—mathematically, an optimum interest rate—which depends on how long you expect to live, how likely you will get back what you saved, how long you can stretch out the value of a resource, and how much you would enjoy it at different points in your life (for example, when you’re vigorous or frail). “Eat, drink, and be merry, for tomorrow we die” is a completely rational allocation if we are sure we are going to die tomorrow. What is not rational is to eat and drink as if there’s no tomorrow when there really is a tomorrow. To be overly self-indulgent, to lack self-control, is to devalue our future selves too much, or equivalently, to demand too high an interest rate before we deprive our current selves for the benefit of our future selves. No plausible interest rate would make the pleasure in smoking for a twenty-year-old self outweigh the pain of cancer for her fifty-year-old self.”",
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                        "text": "Our whole lives, did any of us actually think a quarter of a percent was actually an interest rate?",
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