Warren Buffett Quotes

Trust is central to an economy that works.

The most essential factor to economic recovery today [1932] is the restoration of confidence.

Public credit is suspicion asleep.

The situation in Egypt is stable. We are ready for tourism and investment.

Let me remind you that credit is the lifeblood of business, the lifeblood of prices and jobs.

In order to work well, markets need a basic level of trust.

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

The fact is that the economy is really posed for the kind of recovery that people can see and understand.

History has demonstrated time and again the inherent resilience and recuperative powers of the American economy.

Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply.

The way we accumulate capital in our society is through trust.

Credit is the lifeblood of business, the lifeblood of prices and jobs.

Ours is an economy that depends on the availability of credit at affordable interest rates.

Uncertainty is the enemy of prosperity.

No one’s ever made money betting against America.

… international confidence is the foundation stone of international credit, and international credit is essential to international trade.

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. ... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.

Banks and other financial institutions found that it was often impossible to obtain market prices for mortgage-backed securities and other risky assets. Not knowing the value of their own portfolios, they could not judge the solvency and liquidity of other financial institutions either. As a result, they were unwilling to lend to them, and the financial system ground to a halt.

The most important element for any economy is confidence.

In Europe, we see the underlying strength of the economy, especially in southern European countries.

As a very important source of strength and security, cherish public credit.

Let's make sure that there is certainty during uncertain times in our economy.

I am convinced that through these measures we have reestablished confidence.

Be glad that you're greedy; the national economy would collapse if you weren't.

Each economy relies on the credit system, that is, on the erroneous assumption that the other will pay back money pumped.