Quote

Rising prices or wages do not cause inflation they only report it. They represent an essential form of economic speech, sincemoney isjust another form of information.

Walter Wriston

Change background

T
T
T

Change font

TAGS & TOPICS

Walter Wriston
Age: 85 †
Born: 1919
Born: August 3
Died: 2005
Died: January 19
Banker
Middletown
Connecticut
Walter Bigelow Wriston
Economic
Reports
Causes
Represent
Another
Rising
Form
Essential
Essentials
Inflation
Speech
Report
Cause
Prices
Information
Wages

More quotes by Walter Wriston

Image
If we had a truth-in Government act comparable to the truth-in-advertising law, every note issued by the Treasury would be obliged to include a sentence stating: This note will be redeemed with the proceeds from an identical note which will be sold to the public when this one comes due.
Walter Wriston
Image
I walk into all these organizations, and I'm always puzzled when I realize that people still want to be there. Most people really want to love their organizations. We need that level of commitment ... Yet organizations have done very little to deserve that kind of staying-power.
Walter Wriston
Image
Many organizations are now trying to walk under the banner of The Learning Organization, realizing that knowledge is our most important product ... But the only place that I've seen it is in the Army. As one colonel said, We realized a while ago that it's better to learn than be dead.
Walter Wriston
Image
The person who figures out how to harness the collective genius of his or her organization is going to blow the competition away.
Walter Wriston
Image
Capital goes to where it can escape taxation and be used to pay employees in sacks of rice.
Walter Wriston
Image
Countries don't go out of business....The infrastructure doesn't go away, the productivity of the people doesn't go away, the natural resources don’t go away. And so their assets always exceed their liabilities, which is the technical reason for bankruptcy. And that's very different from a company.
Walter Wriston
Image
Human capital will go where it is wanted, and it will stay where it is well treated. It cannot be driven it can only be attracted.
Walter Wriston
Image
Capital will always go where it’s welcome and stay where it’s well treated. Capital is not just money. It’s also talent and ideas. They, too, will go where they’re welcome and stay where they are well treated.
Walter Wriston
Image
The information revolution has changed wealth. Intellectual capital is far more important than money.
Walter Wriston
Image
Banking is a branch of the information business.
Walter Wriston
Image
The guy with the competitive advantage is the one with the best technology.
Walter Wriston
Image
There'll be a growing disparity between economics and politics. An economy that grows so rapidly is intractably global. On the other hand, the current political system is intractably national. So there is a growing dichotomy between a global economy and locally based politics.
Walter Wriston
Image
A truly global economy, as opposed to the multinational economy of the recent past, will require concessions of national power ... that seemed impossible a few years ago and which even now we can but partly imagine.
Walter Wriston
Image
All the Congress, all the accountants and tax lawyers, all the judges, and a convention of wizards all cannot tell for sure what the income tax law says.
Walter Wriston
Image
Information about money has become almost as important as money itself.
Walter Wriston
Image
A country does not go bankrupt.
Walter Wriston
Image
As long as capital-both human and money-can move toward opportunity, trade will not balance.
Walter Wriston
Image
Risk is not a dirty word.
Walter Wriston
Image
Failure is not a crime. Failure to learn from failure is.
Walter Wriston
Image
Capital goes where it is welcome and stays where it is well treated.
Walter Wriston