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"Capitalism has a way of letting people view the world through rose-coloured glasses."
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"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."
"Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one."
"Miracle focus messages compels masses to think that the process of production is not necessary for prosperity."
"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."
"The State does not govern the market; in the market in which products are exchanged it may quite possibly be a powerful party, but nevertheless it is only one party of many, nothing more than that. All its attempts to transform the exchange-ratios between economic goods that are determined in the market can only be undertaken with the instruments of the market."
"A variation in the objective exchange-value of money can arise only when a force is exerted in one direction that is not cancelled by a counteracting force in the opposite direction. If the causes that alter the ratio between the stock of money and the demand for it from the point of view of an individual consist merely in accidental and personal factors that concern that particular individual only, then, according to the law of large numbers, it is likely that the forces arising from this cause, and acting in both directions in the market, will counterbalance each other."
"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."
"If wealth is a magnet, poverty is a kind of repellent."
Explore more quotes by Rebecca McNutt
"Sometimes, without effort, you live in the moment. You don't regret the past or worry about the future, and in that moment everything flashes before your eyes , a clear snapshot of what has to be done, and everything pauses."
"I don't like psychiatrists, Alecto told her. "Not because they don't think I'm real, but because they have no idea what they're doing."
"Maybe a holiday miracle will change Mearth's awful behavior, Mandy suggested with optimism."The only holiday miracle around here is that Mearth hasn't murdered us both yet, said Alecto, lighting another cigarette, his hands shaking erratically. He looked exhausted and terrified, his gray eyes soulless."Do you know what Mearth likes, Alecto? Mandy questioned."Vegetables, she likes celery a lot, and lettuce, Alecto responded in a quiet monotone. "I don't know what else she likes. I've never asked her."Well, she has to like something, doesn't everyone?"Not her, Mandy Valems."
"Science is not a democracy. Therefore to try to pass of global warming as real just because "98% of scientists say they agree" makes no sense at all. If 98% of psychiatrists said that all mentally ill people needed lobotomized, does that make it true? If 98% of your friends jumped off a building, would you jump, too?"
"Grief is NOT a mental illness or an emotional disorder. Anyone who tells you otherwise has never experienced it for themselves."
"Cell phones are certainly not necessary, and "but I'm from the digital age, this is what everyone in my generation is doing!" isn't a very good excuse for being hooked on a glowing screen 24/7. In the 1960's every teen of the times was tripping on acid and running off to find themselves in communes and love buses. It was a fad, there was no excuse for it and it passed, just like I think that this generation's "cell phones are necessary for socialization" fad will eventually pass. What will it bring afterwards? I don't even want to know, but I'll keep my fingers crossed and hope that it isn't anything else digital."
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