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"It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation."
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"Inflation is the crabgrass in your savings."
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Personal Development
"It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation."
Author Name
Personal Development
"Inflation is the senility of democracies."
Author Name
Personal Development
"We asked the workers to give up 25 percent of their salaries. Imagine! We asked the industrialists to freeze all costs, no matter what the inflation is."
Author Name
Personal Development
"When runaway inflation and bank failures struck in Germany in the 1920s, the middle class was destroyed, which led directly to the rise of the Nazis."
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Personal Development
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"The philosophy of protectionism is a philosophy of war."
War
"War prosperity is like the prosperity that an earthquake or a plague brings."
War
"The attainment of the economic aims of man presupposes peace."
Peace
"If some peoples pretend that history or geography gives them the right to subjugate other races, nations, or peoples, there can be no peace."
History
"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire."
Policy
"Modern society, based as it is on the division of labor, can be preserved only under conditions of lasting peace."
Peace
"Human civilization is not something achieved against nature; it is rather the outcome of the working of the innate qualities of man."
Nature
"War... is harmful, not only to the conquered but to the conqueror."
War
"Only one thing can conquer war - that attitude of mind which can see nothing in war but destruction and annihilation."
Attitude
"Economically considered, war and revolution are always bad business."
Business
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