Arundhati Bhattacharya Quotes
Had it not been for the groundswell of support by the people of India, we would not have seen such a huge exercise of demonetisation bounce off without a single riot or a single law and order issue.
Bhattacharya, Arundhati. "Demonetisation: A Year Later." The Times of India, 8 Nov. 2017.
When the general retired, he took a position on Wall Street for which some claimed he was unqualified.
The assumption was that money would always be backed by gold or silver. In effect, raising or allaying the money was to change the amount of gold or silver that a particular denomination of money would be able to be exchanged for. This is one of the interesting proofs that these processes did nothing economically—for if they could, no one would want the money. This has always been a weakness or a strength—depending on one’s political point of view—of a gold standard.
What is fascinating about this quotation is that although the head of a religion, Smith was not advocating the kinds of personal lifestyle issues of his church the way modern religious leaders do, but was concerned with the much larger issues of national banking, expansionism, corruption of the courts and judiciary, and land distribution. He was a classic reform candidate in that sense. Smith had written to most of the then likely Presidential candidates of both major parties asking for their position on the Mormons who were facing persecution wherever they went. None of the politicians would make any satisfactory commitments. Smith took Direct Action and became the only major religious official to have run for the Presidency of the United States until Pat Robertson tried and failed in 2000. Smith’s assassination shortly thereafter cut his run for the Presidency short before it made much headway and politically he had no chance to affect the race.
Harvey was one of those who argued that silver and not gold should be the basis of American money. The country was growing and the amount of gold was relatively fixed; therefore money was scarce and many believed the English and American financiers were hording gold deliberately. The final solution was not a gold standard or a silver standard but what we have today—a currency backed only by the full faith and credit of the U. S.
Vladimir Lenin
Arundhati Bhattacharya is a retired Indian banker and former Chairperson of the State Bank of India. She is the first woman to be the Chairperson of State Bank of India . In 2016, she was listed as the 25th most powerful woman in the world by Forbes. She is the only Indian corporate leader listed on Fortune's world's greatest leaders list ranked at 26.
