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Robert C. Solomon - Quotes

There are 19 quotes by Robert C. Solomon at 95quotes.com. Find your favorite quotations and top quotes by Robert C. Solomon from this hand-picked collection . Feel free to share these quotes and sayings on Facebook, Pinterest, Tumblr & Twitter or any of your favorite social networking sites.

Love can be understood only 'from the inside,' as a language can be understood only by someone who speaks it, as a world can be understood only by someone who lives in it. ---->>>

Chances are the movements of the euro as against the dollar will be relatively moderate. ---->>>

If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it. ---->>>

The dollar is currently the principal reserve currency in the world. ---->>>

On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States. ---->>>

There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar. ---->>>

The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85. ---->>>

The prices of all imports would rise if the dollar depreciates. ---->>>

The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure. ---->>>

In the United States, securities markets are much more developed than they are in Europe. ---->>>

Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency. ---->>>

Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries. ---->>>

So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments. ---->>>

Some countries that are close to Europe that already hold Deutschemarks, clearly would automatically hold euros, those are countries in Eastern Europe mainly, a few countries in Africa. ---->>>

The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency. ---->>>

The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items. ---->>>

There has been talk in Europe about American hegemony being somehow based upon the use of the dollar in the world. I just don't see that connection at all. ---->>>

There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries. ---->>>

To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve. ---->>>

Biography

Nationality: American
Born: 09-14, 1942
Birthplace: Detroit, Michigan, USA
Die: 01-02, 2007
Occupation: Educator
Website:

Robert C. Solomon (September 14, 1942 – January 2, 2007) was an American professor of philosophy at the University of Texas at Austin, where he taught for more than 30 years. Professor Solomon won many teaching honors, including the Standard Oil Outstanding Teaching Award in 1973; the University of Texas President's Associates Teaching Award (twice); a Fulbright Lecture Award; University Research and National Endowment for the Humanities Grants; and the Chad Oliver Plan II Teaching Award in 1998 (wikipedia)