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"One of the Great Rules of Economics According to John GreenIf you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart to get rich."
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"Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of course, because if there are 2 things people at the top can't stand, they have to be leakage and overflow."
"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."
"When the price of coal falls because production has increased while demand has remained unaltered, then, for example, those retailers are involved who have taken supplies from the wholesale dealers at the old higher price but are now able to dispose of them only at the new and lower price. But this alone will not account for all the social changes brought about by the increase of production of coal. The increase in the supply of coal will have improved the economic position of the community."
"A metallic money, the augmentation or diminution of the quantity of metal available for which is independent of deliberate human intervention, is becoming the modern monetary ideal. The significance of adherence to a metallic-money system lies in the freedom of the value of money from State influence that such a system guarantees."
"As a rule, however, an increase in the value of money spreads only gradually. The first of those who have to content themselves with lower prices than before for the commodities they sell, while they still have to pay the old higher prices for the commodities they buy, are those who are injured by the increase in the value of money. Those, however, who are the last to have to reduce the prices of the commodities they sell, and have meanwhile been able to take advantage of the fall in the prices of other things, are those who profit by the change."
"It must be pointed out that the level of the total stock of money and of the value of the money unit are matters of complete indifference as far as the utility obtained from the use of the money is concerned. Society is always in enjoyment of the maximum utility obtainable from the use of money. Half of the money at the disposal of the community would yield the same utility as the whole stock, even if the variation in the value of the monetary unit was not proportioned to the variation in the stock of money."
"No individual and no nation need fear at any time to have less money than it needs. Government measures designed to regulate the international movement of money in order to ensure that the community shall have the amount it needs, are just as unnecessary and inappropriate as, say, intervention to ensure a sufficiency or corn or iron or the like. This argument dealt the Mercantilist Theory its death-blow."
"The valuations which result in determination of definite prices are different. Each party attaches a higher value to the good he receives than to that he gives away. The exchange ratio, the price, is not the product of equality of valuation, but on the contrary, the product of a discrepancy in valuation."
Explore more quotes by John Green
"I think my dad was so fascinated by this idea because he realizedon some fundamental level that he was not in control of his desires:I think he woke up every morning in his nice house with hardwoodfloors and granite countertops and wondered why he desired granitecountertops and hardwood floors, wondered who precisely wasrunning his life."
"Her underwear, her jeans, the comforter, my corduroys and my boxers between us, I thought. Five layers, and yet I felt it, the nervous warmth of touching " a pale reflection of the fireworks of one mouth on another, but a reflection nonetheless. And in the almostness of the moment, I cared at least enough. I wasn't sure whether I liked her, and doubted whether I could trust her, but I cared at least enough to try to find out. Her on my bed, wide green eyes staring down at me. The enduring mystery of her sly, almost smirking, smile. Five layers between us."
"Well to be fair, I said, I mean she probably can't handle it. Neither can you, but she doesn't have to handle it. And you do."
"But of course, the universe does not conspire to put you in one place rather than another."
"There is only one thing in this world shittier than biting it from cancer when you're sixteen, and that's having a kid who bites it from cancer."
"Dumpers are not inherently worse than Dumpees-breaking up isn't something that gets done to you, it's something that happens with you."
"This is the rough part, okay? so just stay tuned for the good part. i promise it'll come soon."
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