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"Capitalism has a way of letting people view the world through rose-coloured glasses."
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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."
"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."
"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."
"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."
"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."
"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."
"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."
"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."
"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."
Explore more quotes by Rebecca McNutt
“Mandy, I hardly think this was appropriate, not after—you know—after the funeral. We haven't had the money for any of your weird little games, and I was hoping you'd be more mature now that Jud's gone,” her father had added disappointedly.
“How much'd that cake cost you?”
“It's paid for,” Mandy had argued, but her voice had sounded tiny in the harbour wind. “I used the cash from my summer job at Frenchy's last year, and I—it was my birthday, Dad!”
“You can't even be normal about this one thing, can you?” her father had complained.
Mandy hadn't cried; she'd only stared back knowingly, her voice shaky. “I'm normal.”
"When did the very first case of racism even occur? When did such blind hatred devour the souls of men and make them turn on their own brothers and sisters? What ever taught them that it was normal to be such monsters?"
"Mandy would much rather have imaginary friends who were real than real friends who were imaginary."
"Winters are a desolate time where all senses are wiped away, and here in Canada, this is especially true. All smells are sucked clean from the air, leaving only a harsh, icy crispness. Colours are stripped away, leaving a stark white landscape, a sky which stays black at night and gray in the day, a world of only three shades. Stay outside too long, and your hands will get so cold that they'll go numb and turn red, like the claws of a lobster. During a whiteout, even sight itself is reduced to nothingness."
"I love the smell of old books, Mandy sighed, inhaling deeply with the book pressed against her face. The yellow pages smelled of wood and paper mills and mothballs."
"This is my home, Cape Breton is my home, and I don't know if I really want to leave it as much as I might think and I'm sort of scared to leave it all behind, everything I've lived with, I have so many memories of all the things I've done here and I'm afraid if I leave, I might lose all my memories."
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