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Against what is stupid, nonsensical, erroneous, and evil, liberalism fights with the weapons of the mind, and not with brute force and repression.
Ludwig Von Mises
It is the consumers who make poor people rich and rich people poor.
Catallactics does not ask whether or not the consumers are right, noble, generous, wise, moral, patriotic, or church-going. It is concerned not with why they act, but only with how they act.
But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy.
Inflationism is that monetary policy that seeks to increase the quantity of money.
History cannot teach us any general rule, principle, or law. There is no means to abstract from a historical experience a posteriori any theories or theorems concerning human conduct and policies. The
Naive inflationism demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.
Inflation made it possible to divert the fury of the people to 'speculators' and 'profiteers'. Thus it proved itself an excellent psychological resource of the destructive and annihilist war policy.
Only very few men have the gift of thinking new and original ideas and of changing the traditional body of creeds and doctrines.
The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property.
The agents of etatism have certainly not been lacking in zeal and energy. But, for all this, economic affairs cannot be kept going by magistrates and policemen.
One must rather ask how much could be produced if competition among producers were abolished.
It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.
More dangerous than bayonets and cannon are the weapons of the mind.
Economics is a living thing—and to live implies both imperfection and change.
It is common with narrow-minded people to reflect upon every respect in which other people differ from themselves.
Thinking is always thinking of a potential action.
My ideas for the future? To take over the world.
Louis Tomlinson
Live fast, have fun, be a bit mischievous.
I'm gay. It's pretty unfortunate.
And I'd marry you, Harry. Because it rhymes.
I like someone who doesn't take life too seriously. I hate people who are a bit uptight.
It's important for me to treat a girlfriend with respect. My mum would be horrified if I behaved any differently - and I have sisters, and would hate for them to be treated badly by guys.
And remember people: you might not be plastic, but you are fantastic!