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Exlpore more Economics quotes
"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."
"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."
"For hundreds, even thousands, of years, people completely failed to see that variations in the objective exchange-value of money could be induced by monetary factors. They tried to explain all variations of prices exclusively from the commodity side."
"Even with all its positive attributes, capitalism in its imperialistic form is the most treacherous system mankind ever devised. It is driven by a selfishness that has an almost religious underlining to it."
"And the reason Luke is thinking about time and free will is because he believes that money is the closest human beings have ever come to crystallizing time and free will into a compact physical form. Cash. Cash is a time crystal. Cash allows you to multiply your will, and it allows you to speed up time. Cash is what defines us as a species. Nothing else in the universe has money."
"The values of commodities are directly as the times of labour employed in their production, and are inversely as the productive powers of the labour employed."
"China is a great manufacturing center, but it's actually mostly an assembly plant. So it assembles parts and components, high technology that comes from the surrounding industrial - more advanced industrial centers - Japan, Taiwan, South Korea, Singapore, the United States, Europe - and it basically assembles them."
"So I got to thinking that perhaps that's what money is: a crystallization-or, rather, a homogenization-of time and free will into those things we call dollars and pounds and yen and euros. Money multiplies your time. It also expands your agency and broadens the number of things you can do accordingly. Big-time lottery winners haven't won ten million dollars-they've won ten thousand person-years of time to do pretty much anything they want anywhere on Earth. Windfalls are like the crystal meth version of time and free will."
Explore more quotes by Stefan Molyneux
"Dr. Peter Boghossian's A Manual for Creating Atheists is a precise, passionate, compassionate and brilliantly reasoned work that will illuminate any and all minds capable of openness and curiosity. This is not a bedtime story to help you fall asleep, but a wakeup call that has the best chance of bringing your rational mind back to life.(Review of Dr. Peter Boghossian's book, 'A Manual for Creating Atheists')"
"No mean person is mean all the time. The whole point of being mean is to fluctuate so that you can hold out the hope for someone. So someone will hold out the hope that they're gonna catch you on the sunny side or that you're gonna be nice this time. The tyranny is inconsistency. Somebody thats consistently mean is something that is pretty easy to sort out. The reality is that the meanest people can be wonderful sometimes. That's the whole point of meanness because otherwise it's too obvious. It's the niceness that gets you trapped in the dysfunction. That is the problem and so the fact that you have this belief that there is hope in the relationship is foundational to the dysfunction."
"The ones who are insane enough to think that they can rule the world are always the ones who do."
"The world, viewed philosophically, remains a series of slave camps, where citizens " tax livestock " labor under the chains of illusion in the service of their masters."
"It is really exhausting to live in a dictatorship of 'Me', which is basically a tyranny of others."
"The manic relief that comes from the fantasy that we can with one savage slash cut the chains of the past and rise like a phoenix, free of all history, is generally a tipping point into insanity, akin to believing that we can escape the endless constraints of gravity, and fly off a tall building. "I'm freeeee SPLAT!."
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