"A currency serves three functions: providing a means……" — Nouriel Roubini
"A currency serves three functions: providing a means of payment, a unit of account and a store of value. Gold may be a store of value for wealth, but it is not a means of payment. You cannot pay for your groceries with it. Nor is it a unit of account. Prices of goods and services, and of financial assets, are not denominated in gold terms."
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Nouriel Roubini
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23 Quotes by Nouriel Roubini
Nouriel Roubini has 23 quotes on this site.
A few more worth reading:
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In the history of modern capitalism, crises are the norm, not the exception.
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I think investing in a good education has been key for me, although the investment was more in time than…
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I think globalization actually maintains and fosters various elements of national and cultural identities. I don't think everything is being…
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We're essentially continuing a system where profits are privatized and...losses socialized,
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Gold has no increasing value. And if you're really worried about, say, inflation rising, I would buy Spam. You know,…
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Edward Conard provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return…
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The gains from technology must be channeled to a broader base of the population than has benefited so far.
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In an extreme credit crunch, leveraged purchases of gold cause forced sales, because any price correction triggers margin calls. As…
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If you worry about financial Armageddon, it is indeed metaphorically the time to stock your bunker with guns, ammunition, canned…
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All the risky things that were happening back in ’06 and ‘07 are back again to the same level, if…
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Having spent 10 years studying emerging markets, I know that you have patterns repeated over and over again. A bubble…
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What is important to me is that when I write something, people listen to me. I provide my wisdom to…
See all 23 quotes by Nouriel Roubini »
More Account Quotes
This quote is filed under Account Quotes,
one of 1,306 quotes in that category. Here are a few more:
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No sensible decision can be made any longer without taking into account not only the world as it is, but…
— Isaac Asimov
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A soul which gives itself to prayer, either much or little, should on no account be kept within narrow bounds.
— Teresa of Avila
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It is a well-known fact that those people who must want to rule people are, ipso facto, those least suited…
— Douglas Adams
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Anyone who is capable of getting themselves made President should on no account be allowed to do the job.
— Douglas Adams
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Do not measure your loss by itself; if you do, it will seem intolerable; but if you will take all…
— Saint Basil
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To give an accurate and exhaustive account of that period would need a far less brilliant pen than mine.
— Max Beerbohm
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There is an immense, painful longing for a broader, more flexible, fuller, more coherent, more comprehensive account of what we…
— Saul Bellow
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To me, it really seems visible today that ethics is not something exterior to the economy, which, as technical matter,…
— Pope Benedict XVI
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I've never had a bank account in Switzerland since 1984. Why would the Swiss do this to me? Maybe the…
— Benazir Bhutto
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History is an account, mostly false, of events, mostly unimportant, which are brought about by rulers, mostly knaves, and soldiers,…
— Ambrose Bierce
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Genealogy, n. An account of one's descent from a man who did not particularly care to trace his own.
— Ambrose Bierce
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In order to get beyond racism, we must first take account of race. There is no other way. And in…
— Harry A. Blackmun
See all 1,306 Account Quotes »