Try QuoteGPT
Chat naturally about what you need. Each answer links back to real quotes with citations.
[A]s long as the rate is fixed the speculator is on a one-way option. As soon as the rate is determined by the market, speculation is equal and oppos… - Enoch Powell
" "[A]s long as the rate is fixed the speculator is on a one-way option. As soon as the rate is determined by the market, speculation is equal and opposite at the market rate. One has only to imagine what would be the position—and it is not an entirely out-of-the-way analogy—if there were to be fixed rates on the Stock Exchange. Everyone would know when they were false and did not correspond with the realities. The consequence would be that from time to time we should have to unpeg the fixed rates, with catastrophic changes of value, instead of the market rates being determined by the judgments of all who participate in the market. The same happens with a floating rate for a currency.
English
Collect this quote
About Enoch Powell
John Enoch Powell (16 June 1912 – 8 February 1998) was a British politician, classical scholar, author, linguist, soldier, philologist, and poet. He served as a Conservative Member of Parliament (1950–1974), then Ulster Unionist Party (UUP) MP (1974–1987), and was Minister of Health (1960–1963).
Also Known As
Alternative Names:
J. Enoch Powell
•
John Enoch Powell
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Enoch Powell
In the ultimate matter of life and death, survival or defeat, the insular position of the British nation has set us apart from the inhabitants of the adjacent continent. This is a political fact which cannot be pretended out of existence. As long as it remains true, or is believed by the British themselves to remain true, the commitment of Britain to any continental combination can never be total... True, it has often been rumoured that Britain had lost, or was about to lose, that characteristic; but events have hitherto always proved that she had it still, and those events are the most formative element in the folk-memory of the British people... This is the reason why Britain, which is in many sense as European as any nation, cannot be integrated politically with the European continent.
The Englishman instinctively treats loyalty as by its nature unconditional, because he has – so to speak – nowhere else to go: the Crown and the institutions described collectively as those "set in authority under it" are his peculiar possession, they are his own history, his own nationhood, and he can only defy them and divest himself of them at the cost of denying himself.
Loading...