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"Economic power is exercised by means of a positive, by offering men a reward, an incentive, a payment, a value; political power is exercised by means of a negative, by the threat of punishment, injury, imprisonment, destruction. The businessman's tool is values; the bureaucrat's tool is fear."
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"Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of course, because if there are 2 things people at the top can't stand, they have to be leakage and overflow."
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Personal Development
"Science blasphemed when tries to eliminate scarcity in economy."
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Personal Development
"It has been proposed that monetary liabilities should be settled in terms of gold and not according to their nominal amount. If this proposal were adopted, for each mark that had been borrowed that sum would have to be repaid that could at the time of repayment buy the same weight of gold as one mark could at the time when the debt contract was entered into. The fact that such proposals are now put forward and meet with approval shows that etatism has already lost its hold on the monetary system and that inflationary policies are inevitably approaching their end. Even only a few years ago, such a proposal would either have been ridiculed or else branded as high treason."
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Personal Development
"When the price of coal falls because production has increased while demand has remained unaltered, then, for example, those retailers are involved who have taken supplies from the wholesale dealers at the old higher price but are now able to dispose of them only at the new and lower price. But this alone will not account for all the social changes brought about by the increase of production of coal. The increase in the supply of coal will have improved the economic position of the community."
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Personal Development
"A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees."
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Personal Development
"As a rule, however, an increase in the value of money spreads only gradually. The first of those who have to content themselves with lower prices than before for the commodities they sell, while they still have to pay the old higher prices for the commodities they buy, are those who are injured by the increase in the value of money. Those, however, who are the last to have to reduce the prices of the commodities they sell, and have meanwhile been able to take advantage of the fall in the prices of other things, are those who profit by the change."
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Personal Development
"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."
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Personal Development
"No individual and no nation need fear at any time to have less money than it needs. Government measures designed to regulate the international movement of money in order to ensure that the community shall have the amount it needs, are just as unnecessary and inappropriate as, say, intervention to ensure a sufficiency or corn or iron or the like. This argument dealt the Mercantilist Theory its death-blow."
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Personal Development
"The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of equality of valuation, but on the contrary, the product of a discrepancy in valuation."
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Personal Development
"Hence, the statement that the cost of living is different in different localities only means that the same individual cannot secure the same degree of satisfaction from the same stock of goods in different places."
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"When men reject reason, they have no means left for dealing with one another - except brute, physical force."
Politics
"But, you see, it's not what you do that matters really. It's only you.""Me what?""Just you here. Or you in the city. Or you somewhere in the world. I don't know. Just that."
Existence
"She had set out to break him, as if, unable to equal his value, she could surpass it by destroying it, as if the measure of his greatness would thus become the measure of hers, as if the vandal who smashed a statue were greater than the artist who had made it, as if the murderer who killed a child were greater than the mother who had given it birth."
Emotion
"They scattered with no melody, no harmony, no rhythm to hold them. If music was emotion and emotion came from thought, then this was the scream of chaos, of the irrational, of the helpless, of man's self-abdication."
Reality
"The unrecognized genius-that's an old story. Have you ever thought of a much worse one-the genius recognized too well? ... That a great many men are poor fools who can't see the best-that's nothing. One can't get angry at that. But do you understand about the men who see it and don't want it?"
Reflection
"Man's mind is his basic tool of survival. Life is given to him, survival is not. His body is given to him, its sustenance is not. His mind is given to him, its content is not. To remain alive, he must act, and before he can act he must know the nature and purpose of his action...To remain alive, he must think."
Philosophy
"It seemed natural; natural to the moment's peculiar reality that was sharply clear, but cut off from everything, immediate, but disconnected, like a bright island in a wall of fog, the heightened, unquestioning reality one feels when one is drunk."
Perception
"Through all the ages the mind has been regarded as evil, and every form of insult: from heretic to materialist to exploiter-every form of iniquity: from exile to disfranchisement to expropriation-every form of torture: from sneers to rack to firing squad-have been brought down upon those who assumed the responsibility of looking at the world through the eyes of a living consciousness and performing the crucial act of a rational connection. Yet only to the extent to which-in chains, in dungeons, in hidden corners, in the cells of philosophers, in the shops of traders-some men continued to think, only to that extent was humanity able to survive."
Philosophy
"Great men can't be ruled... The great is the rare, the difficult, the exceptional."
Leadership
"Achieving life is not the equivalent of avoiding death."
Death
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