Steve Forbes Quotes

If, when Money is rais'd [inflation or devaluation], Goods keep the Prices they had before. Then all Goods exported are sold for a lesser Value abroad, and all Goods imported are sold dearer.

When the dollar goes down relative to other currencies, the price of wheat, corn, rice and oil all go up in dollar terms.

Currency regimes in the past were always destroyed by volatility. So sooner or later, people desire a currency that is stable.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.

In reality there is no such thing as an inflation of prices, relatively to gold. There is such a thing as a depreciated paper currency.

When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency. So the purchasing power that we lose, somebody else gets.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

A gold standard doesn't imply stability in the prices of the goods and services that people buy every day, it implies a stability in the price of gold itself.

We believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.

It does not mean of course that the pound here in Britain in your pocket has been devalued .

I'm a strong-and-stable-dollar advocate, and the Fed has been moving dangerously away from that mission.

As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.

When the dollar was separated entirely from gold in 1971, it ceased being the official IMF world currency and finally had to compete with other currencies... From that point forward, its value increasingly became discounted.

Rupee fluctuation is not so significant compared with the other currencies. Fluctuations in currencies has been fairly steady. As the finance minister often says, fluctuation is the new normal.

... a baseless currency varying every fifty miles and fluctuating everywhere.

The most important quality of a currency is its stability.

A general Clamour for a depreciating Paper Currency, is a certain Sign of the Country being generally in bad Circumstances

In all Sovereignties in Europe where Paper-Money was introduced, great Inconveniencies happened; upon canceling this Paper Medium all those Inconveniencies did vanish

It is not repeated large Emissions [printing] of a base Paper-Currency, but our Imports exceeding our Exports, that occasions Silver to be ship'd off in Ballance

Prices of every thing depend on the proportion between commodities and money, and that any considerable alteration on either has the same effect, either of heightening or lowering the price.

The currency of any country, whether it be coin or bank-notes, cannot be increased beyond the mercantile wants of that country, without producing a depreciation in the parts which compose the currency.

Manifestly nothing is more vital to our supremacy as a nation and to the beneficent purposes of our Government than a sound and stable currency. Its exposure to degradation should at once arouse to activity the most enlightened statesmanship, and the danger of depreciation in the purchasing power of the wages paid to toil should furnish the strongest incentive to prompt and conservative precaution.