top of page
.png){kind=small}
“Within a world of free trade and democracy, there are no incentives for war and conquest. In such a world, it is of no concern whether a nation's sovereignty stretches over a larger or smaller territory. Its citizens cannot derive any advantage from the annexation of a province. If territorial problems can be treated without bias and passion, it is not painful to be fair to other people's claims for self-determination.”
Standard
Customized
More
"I hope some day we will learn to use the power of love, not the power of gun and world will see the universal peace."
Author Name
Personal Development
"And the night shall be filled with music, And the cares, that infest the day, Shall fold their tents like the Arabs, and silently steal away."
Author Name
Personal Development
"Seek peace."
Author Name
Personal Development
"The great mountains of wars and conflicts in the world can only be removed by picking up tiny stones of hatred and anger bit by bit. We must all be involved!"
Author Name
Personal Development
"You accept that this civilisation could be abolished and life will begin later on after a few thousand years because that is something that has happened in the history of this planet. When you have peace in yourself and accept, then you are calm enough to do something, but if you are carried by despair there is no hope."
Author Name
Personal Development
"Set your peace freebefore your caged mind catchesyou again in another dream trapwhere you may loathe to be your own menace awaiting in hope of a war-less world !"
Author Name
Personal Development
"I value peace when it is not bought at the price of fundamental decencies."
Author Name
Personal Development
"In times of turbulence, we must keep calm and be patient."
Author Name
Personal Development
"All wars are follies, very expensive and very mischievous ones."
Author Name
Personal Development
"To live in infinite bliss, practice mindfulness and live in the moment."
Author Name
Personal Development
More
"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."
Economics
"The balance-of-payments theory forgets that the volume of foreign trade is completely dependent upon prices, that neither exportation nor importation can occur if there are no differences in prices to make trade profitable."
Economics
"The collapse of an inflation policy carried to its extreme -- as in the United States in 1781 and in France in 1796 -- does not destroy the monetary system, but only the credit money or fiat money of the State that has overestimated the effectiveness of its own policy. The collapse emancipates commerce from etatism and establishes metallic money again."
Currency
"The root of the evil is not the construction of new, more dreadful weapons. It is the spirit of conquest."
Politics
"Local differences in the prices of commodities whose natures are technologically identical are to be explained on the one hand by differences in the cost of preparing them for consumption (expenses of transport, cost of retailing etc.) and on the other hand by the physical and legal obstacles that restrict the mobility of commodities and human beings."
Trade
"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."
Economics
"Restrictionistic ideas have never met with any measure of popular sympathy except after a time of monetary depreciation when it has been necessary to decide what should take the place of the abandoned inflationary policy."
Economics
"It is not in the power of governments to increase the supply of one commodity without a corresponding restriction in the supply of other commodities more urgently demanded by consumers. The authority may reduce the price of one commodity only by raising the prices of others."
Economics
"Where the currency depreciation is a result of government inflation carried out by the issue of notes, it is possible to avert its disastrous effect on economic calculation by conducting all bookkeeping in a stable money instead. But so far as the depreciation is a depreciation of gold, the world money, there is no such easy way out."
Economics
"Nevertheless statesmen are still greatly exercised by the problem of the international distribution of money. For hundreds of years, the Midas Theory, systematized by Mercantilism, has been the rule followed by governments in taking measures of commercial policy. In spite of Hume, Smith, and Ricardo, it still dominates men's minds more than would be expected. Phoenix-like, it rises again and again from its own ashes."
Economics
bottom of page