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"Akin to the idea that time is money is the concept, less spoken but as commonly assumed, that we may be adequately represented by money. The giving of money has thus become our characteristic virtue. But to give is not to do. The money is given in lieu of action, thought, care, time."
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"Determinants of prices have their effect only through the medium of the subjective estimates of individuals, and the extent to which any given factor influences these subjective estimates can never be predicted."
"That policy which aims at raising the objective exchange-value of money is called, after the most important means at its disposal, restrictionism or deflationism. This nomenclature does not really embrace all the policies that aim at an increase in the value of money. The aim of restrictionism may also be attained by not increasing the quantity of money when the demand for it increases, or by not increasing it enough. This method has quite often been adopted as a way of increasing the value of money in face of the problems of a depreciated credit-money standard."
"The values of commodities are directly as the times of labour employed in their production, and are inversely as the productive powers of the labour employed."
"So I got to thinking that perhaps that's what money is: a crystallization-or, rather, a homogenization-of time and free will into those things we call dollars and pounds and yen and euros. Money multiplies your time. It also expands your agency and broadens the number of things you can do accordingly. Big-time lottery winners haven't won ten million dollars-they've won ten thousand person-years of time to do pretty much anything they want anywhere on Earth. Windfalls are like the crystal meth version of time and free will."
"It must be pointed out that the level of the total stock of money and of the value of the money unit are matters of complete indifference as far as the utility obtained from the use of the money is concerned. Society is always in enjoyment of the maximum utility obtainable from the use of money. Half of the money at the disposal of the community would yield the same utility as the whole stock, even if the variation in the value of the monetary unit was not proportioned to the variation in the stock of money."
"If it is asserted that civilization is a real advance in the condition of man - and I think that it is, though only the wise improve their advantages - it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run."
"He who cares to go to the trouble of demonstrating the uselessness of index numbers for monetary theory and the concrete tasks of monetary policy will be able to select a good proportion of his weapons from the writings of the very men who invented them."
"Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to comply with their orders. It forces all those engaged in production to the utmost exertion in the service of the consumers. It makes competition work. He who best serves the consumers profits most and accumulatesriches."
Explore more quotes by Wendell Berry
"The Peace of Wild ThingsWhen despair for the world grows in meand I wake in the night at the least soundin fear of what my life and my children's lives may be,I go and lie down where the wood drakerests in his beauty on the water, and the great heron feeds.I come into the peace of wild thingswho do not tax their lives with forethoughtof grief. I come into the presence of still water.And I feel above me the day-blind starswaiting with their light. For a timeI rest in the grace of the world, and am free."
"Want of imagination makes things unreal enough to be destroyed. By imagination I mean knowledge and love. I mean compassion. People of power kill children, the old send the young to die, because they have no imagination. They have power. Can you have power and imagination at the same time? Can you kill people you don't know and have compassion for them at the same time?"
"The idea that people can be improved by being offended will finally have to meet the idea (espoused some of the time by some of the same people) that books, popular songs, movies, television shows, sex videos, and so on are "just fiction" or "just art" and therefore exist "for their own sake" and have no influence. To argue that works of art are "only" fictions or self-expressions and therefore cannot cause bad behavior is to argue also that they cannot cause good behavior. It is, moreover, to make an absolute division between art and life, experience and life, mind and body - a division that is intolerable to anyone who is at all serious about being a human or a member of a community or even a citizen."
"I understood him. He wanted to die at home. He didn't want to be going someplace all the time for the sake of a hopeless hope. He wanted to die as himself out of his life. He didn't want his death to be the end of a technological process."
"I began to know my story then. Like everybody's, it was going to be the story of living in the absence of the dead. What is the thread that holds it all together? Grief, I thought for a while. And grief is there sure enough, just about all the way through. From the time I was a girl I have never been far from it. But grief is not a force that has not power to hold. You only bear it. Love is what carries you, for it is always there, even in the dark, or most in the dark, but shining out at times like gold stitches in a piece of embroidery."
"The inletour friend looks as he didwhen we first knew him,and until I wake I believeI will die of grief, for I knowthat this boy grew into a manwho was a faithful friendwho died."
"I realized that the story of even so small a place can never be completely told and can never be finished. It is eternal, always here and now, and going on forever."
"He was lonely because he could imagine himself as anything but himself and as anywhere but where he was. His competitiveness and self-centeredness cut him off from any thought of shared life. He wanted to have more because he thought that having more would make him able to live more, and he was lonely because he never thought of the sources, the places, where he was going to get what he wanted to have, or of what his having it might cost others. It was loneliness that sometimes even he felt; you could see it. A self-praiser has got to accept a big loneliness in order to accept a little credit."
"A farmer, as one of his farmer correspondents once wrote to Liberty Hyde Bailey, is "a dispenser of the 'Mysteries of God.'"The husband, unlike the "manager" or the would-be objective scientist, belongs inherently to the complexity and the mystery that is to be husbanded, and so the husbanding mind is both careful and humble."
"The most exemplary nature is that of the topsoil. It is very Christ-like in its passivity and beneficence, and in the penetrating energy that issues out of its peaceableness. It increases by experience, by the passage of seasons over it, growth rising out of it and returning to it, not by ambition or aggressiveness. It is enriched by all things that die and enter into it. It keeps the past, not as history or as memory, but as richness, new possibility. Its fertility is always building up out of death into promise. Death is the bridge or the tunnel by which its past enters its future."
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