Winners And Losers Quote by James Rickards

“Hyperinflation produces fairly predictable sets of winners and losers and prompts certain behaviors and therefore can be used politically to rearrange social and economic relations among debtors, creditors, labor and capital, while gold is kept available to clean up the wreckage if necessary.” quote by James Rickards — Download Open image

““Hyperinflation produces fairly predictable sets of winners and losers and prompts certain behaviors and therefore can be used politically to rearrange social and economic relations among debtors, creditors, labor and capital, while gold is kept available to clean up the wreckage if necessary.””

James Rickards

★ ★ ★ ★ ★ 2.7 out of 5 (4 ratings)

Winners And Losers

More by James Rickards

“If an economy has a stagnant labor force operating at a constant level of productivity, it will have constant output but no growth. The main drivers of labor force expansion are demographics and education, while the main drivers of productivity are capital and technology. Without those factor inputs, an economy cannot expand. But when those factor inputs are available in…

James Rickards

“The 1962 Cuban Missile Crisis came well before the current age of AI, yet computers were in use and technology played a critical role in the form of U-2 spy plane photos that showed Soviet missile installations in Cuba. Protocols and standard operating procedures were in place, ... Still, it was human judgment as displayed in Khrushchev's letter to Kennedy…

James Rickards

“It is one thing when prices drift downward over time due to innovation, scalability or other efficiencies. This might be considered “good” deflation and is familiar to any contemporary consumer who has seen prices of computers or wide-screen TVs fall year after year. It is another matter when prices are forced down by unnecessary monetary contraction, credit constraints, deleveraging, business…

James Rickards

“A country running deficits under the gold exchange standard could find itself like a tenant whose landlord does not collect rent payments for a…

James Rickards

Image

“This ... he largest financial bailout in history ... was not just a bailout of SVB [Silicon Valley Bank]. It was a bailout of…

James Rickards

Image

Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.

James Rickards

Image

“Printing dollars at home means higher inflation in China, higher food prices in Egypt and stock bubbles in Brazil. Printing money means that U.S. debt is devalued so foreign creditors get paid back in cheaper dollars. The devaluation means higher unemployment in developing economies as their exports become more expensive for Americans. The resulting inflation also means higher prices for…

James Rickards

What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital markets. When you look at capital markets through the lens of complexity theory, you ask "what's the scale of the system?" Scale is a fancy word for size. What measures are you using? If you look…

James Rickards

“On the whole, it is difficult to think of another government agency that has failed more consistently on more of its key missions than…

James Rickards

Image

“Elite support for so-called free trade is due to the fact that elites share a global perspective at odds with the best interests of the United States. Policies that produce world growth at U.S. expense are endorsed. Policies that benefit the United States while slowing world growth are rejected. Today globalization’s triumph over nationalism is energizing a nationalist revival as…

James Rickards

“The irony is that when you set out to remove bias you use your own possibly unconscious biases in deciding what's harmful and what…

James Rickards

Image

“The solutions to this systemic risk overhang are surprisingly straightforward. The immediate tasks would be to break up large banks and ban most derivatives.…

James Rickards

Image

Explore all 23 James Rickards quotes

More Winners And Losers quotes

You've got Washington picking winners and losers. And so, all of a sudden, decisions are being made on what helps politicians, not what helps…

Jeb Hensarling

Image

Literature is not a sack race. There aren't real winners and losers in the Republic of Letters.

Charles Baxter

Image

I call crony capitalism, where you take money from successful small businesses, spend it in Washington on favored industries, on favored individuals, picking winners…

Paul Ryan

Image

“In this life, you have winners and losers. the more you win, the higher you go.”

Daniel Nayeri

Image

Every now and then, a technology comes along that is so profound, so powerful, so universal, that its impact will change everything. It will…

Lou Gerstner

Image

“We all see a different reality and we make decisions based on what we see. Everyone is trying to protect their interests in the best way that they can. The world is commonly viewed as a place where someone must lose in order for someone else to win. It's a competition with winners and losers. You must know, in your…

Donna Goddard

For a start, the salary begins to have an attraction and addictiveness all of its own. A regular paycheck and crack cocaine have that in common. In addition, and more to the point, working too long for other people can blunt your desire to take risks. This last factor is crucial, because the ability to live with and embrace risk…

Felix Dennis

Time says hush: by the gong of time you live. Listen and you hear time saying you were silent long before you came to life and you will again be silent long after you leave it, why not be a little silent now? Hush yourself, noisy little man. Time hushes all: the gong of time rang for you to come…

Carl Sandburg

Trump seems to be implementing a form of coercive capitalism - in which the president publicly picks winners and losers and uses the power…

Brian Deese

Image

Those are all real things that I experienced, not with [my daughters] growing up but with the, you know - I'm trying not to step into something and get a call, "Dad why'd you say that?"! But we'd go to games [where score wasn't kept], and I'd get it, but I wouldn't get it, because I think there's a real…

Billy Crystal

Google's ability to pick winners and losers in the information world is a menace. These companies have the ability to determine which media companies…

Franklin Foer

Image

“We’re creating a dystopia, where the mania of the state isn’t secrecy or censorship but unfairness. Obsessed with success and wealth and despising failure and poverty, our society is systematically dividing the population into winners and losers, using institutions like the courts to speed the process. Winners get rich and get off. Losers go broke and go to jail. It…

Anonymous

Browse all 82 Winners And Losers quotes

Winners And Losers Quote by James Rickards

Related quotes

More by James Rickards

More Winners And Losers quotes