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"Capitalism has a way of letting people view the world through rose-coloured glasses."
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"When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money."
"I saw the poverty, I say the prosperity. Both have fundamental problems."
"In order to deal with all the medical cost demands and other challenges in the U.S., as we look to raise that revenue, the rich will have to pay slightly more. That's quite clear."
"They did not suffer shipwreck because the entrepreneurs were not public-spirited, as the socialist-etatistic legend has it. They were bound to fail because the economic organization based upon division of labour and private property in the means of production can function only so long as price-determination in the market is free."
"Even when repressed, inequality grows; only the man who is below the average in economic ability desires equality; those who are conscious of superior ability desire freedom, and in the end superior ability has its way."
"The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed."
"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 three wealthiest people in the world own more than the GDP of forty-eight countries!"
"If the State uses this power systematically in order to force the community to accept a particular sort of money whose employment it desires for reasons of monetary policy, then it is actually carrying through a measure of monetary policy. The States which completed the transition to a gold standard a generation ago, did so from motives of monetary policy. They gave up the silver standard or the credit-money standard because they recognized that the behaviour of the value of silver or of credit money was unsuited to the economic policy they were following."
Explore more quotes by Rebecca McNutt
"How promising today's generation is. They can whip out their cellular phones like sheep, instantly take a million digital photos of their cat and then just delete them. But I'd like to see these kids try to artfully use a traditional film camera or make a super 8 home movie. Traditional film takes integrity, nostalgia, effort, patience and imagination - things that the 21st century has very little of. Everything these days, even a superior medium like film photography with an extensively vivid history and an iconic meaning, is becoming disposable in this age."
"Grief is NOT a mental illness or an emotional disorder. Anyone who tells you otherwise has never experienced it for themselves."
"Bernie believed in God. He believed that God wanted people to enjoy life to the fullest, not drench themselves in aversion and prejudice."
"She shakily rushed towards the car to find Alecto casually standing beside it, smoking a cigarette and staring fixedly on the radio as it played the song 'Draggin' the Line' by Tommy James, his expression thoughtful. "What are you thinking about? Mandy questioned."Wouldn't the world be a very loud place to live if we said everything we thought? Alecto asked quietly."
"Alecto, have you noticed how downhill this little island is becoming?" Mandy questioned sadly. "All these organic food stores and yoga studios and cellular phone towers… Cape Breton was one of the only places left where it still had that nostalgic small town atmosphere but now… I've only been away for a year, how could things have changed so quickly? I mean, how can the world accept it?"
"C'est la vie," said Alecto, looking extremely tired as he stared out the window at the late November maple keys fluttering down from vibrantly red trees lining the streets on either side of the windshield.
"We're losing society to apathy, to digital technology, the people who care about nobody else but themselves. They share every little detail of their stupid lives online as if the world even gives a damn— digital technology is getting smarter and society is getting dumber," Mandy whispered in a voice filled with disbelief. "Society is— it's slipping away."
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