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"Free markets and capitalism are predicated upon the definition of greed as altruistic in economics."
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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 R. Alan Woods
"One of the most unique aspects among many about the USA is that our transitions of 'power' have almost always been peaceful. This is very unique in all of history and in the world today."
"After witnessing the inauguration ceremonies, I am compelled to state how deeply grateful and infinitely thankful and eternally blessed I am to and by God for the privilege of being born and for living out my life in this amazing country- The United States of America."
"Unity despite diversity is exactly what defines Christianity as distinct from and antithetical to all other religious belief systems."
"Grace has not been well understood by the post-modern church let alone applied as post-moderns in our lives as a reality that Christ secured for us."
"So how does God affect justice in this life/economy/reality? A lightening bolt, an angel of death, or by the hand of a human being?"
"I have been fairly misunderstood by those who think only of the heart and thereby leave the mind behind. They both are vital and important aspects of our created humanity...in the image of God."
"I am not aligned in my thinking with Calvinism, neither am I aligned in my thinking with Arminianism. I have proposed a more 'Wholeistic' theology encompassing the 'both/and' in the context Objective Truth & Reality."
"In my opinion, anyone who says they have no anxiety at all over experiencing their own physical death is not in touch with their humanity."
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