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"The three wealthiest people in the world own more than the GDP of forty-eight countries!"
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"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."
"I saw the poverty, I say the prosperity. Both have fundamental problems."
"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."
"The mistake in the argument of those who suppose that a variation in the quantity of money results in an inversely proportionate variation in its purchasing power lies in its starting-point. If we wish to arrive at a correct conclusion, we must start with the valuations of separate individuals; we must examine the way in which an increase or decrease in the quantity of money affects the value-scales of individuals, for it is from these alone that variations in the exchange-ratios of goods proceed."
"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."
"If the State uses this power systematically in order to force the community to accept a particular sort of money whose employment it desires for reasons of monetary policy, then it is actually carrying through a measure of monetary policy. The States which completed the transition to a gold standard a generation ago, did so from motives of monetary policy. They gave up the silver standard or the credit-money standard because they recognized that the behaviour of the value of silver or of credit money was unsuited to the economic policy they were following."
"The attempt to restrain prices within limits has to be given up. A government that sets out to abolish market prices is inevitably driven towards the abolition of private property."
"It is the consumers who make poor people rich and rich people poor."
"If you despise increase, you are a strange personality in the society."
Explore more quotes by Alice Walker
"When it is all too much; when the news is so bad meditation itself feels useless, and a single life feels too small a stone to offer on the altar of Peace, find a Human Sunrise. Find those people who are committed to changing our scary reality. Human sunrises are happening all over the earth, at every moment. People gathering, people working to change the intolerable, people coming in their robes and sandals or in their rags and bare feet, and they are singing, or not, and they are chanting, or not. But they are working to bring peace, light, compassion, to the infinitely frightening downhill slide of Human life."
"I don't know who tried to teach him what to do in the bedroom, but it must have been a furniture salesman."
"A girl is nothing to herself; only to her husband can she become something. What can she become? I asked. Why, she said, the mother of his children. But I am not the mother of anybody's children, I said, and I am something."
"What is always needed in the appreciation of art, or life, is the larger perspective. Connections made, or at least attempted, where none existed before, the straining to encompass in one's glance at the varied world the common thread, the unifying theme through immense diversity, a fearlessness of growth, of search, of looking, that enlarges the private and the public world. And yet, in our particular society, it is the narrowed and narrowing view of life that often wins."
"I think it pisses God off if you walk by the color purple in a field somewhere and don't notice it."
"This is a wonderful planet, and it is being completely destroyed by people who have too much money and power and no empathy."
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