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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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"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."
"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."
"A third group of inflationists do not deny that inflation involves serious disadvantages. Nevertheless, they think that there are higher and more important aims of economic policy than a sound monetary system. They hold that although inflation may be a great evil, yet it is not the greatest evil, and that the State might under certain circumstances find itself in a position where it would do well to oppose greater evils with the lesser evil of inflation."
"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."
"The advertising industry's prime task is to ensure that uninformed consumers make irrational choices, thus undermining market theories that are based on just the opposite."
Explore more quotes by John Green
"Your party kicked so much ass!Even though you suck so much! It's like, instead of blood, your heart pumps liquid suck! But thanks for the beer!"
"I'm not going to be one of those people who sits around talking about what they're going to do. I'm just going to do it. Imagining the future is a kind of nostalgia."
"I realize that they giggle and I actually laugh, that they show their cleavage and I have none to show, but just so you know, I am also a girl. I'm one of the three wise MEN. And it's gay to think that James Bond is hot."
"And then something invisible snapped insider her, and that which had come together commenced to fall apart."
"Just like that. From a hundred miles an hour to asleep in a nanosecond. I wanted so badly to lie down next to her on the couch, to wrap my arms around her and sleep. Not f*ck, like in those movies. Not even have sex. Just sleep together, in the most innocent sense of the phrase. But I lacked the courage and she had a boyfriend and I was gawky and she was gorgeous and I was hopelessly boring and she was endlessly fascinating. So I walked back to my room and collapsed on the bottom bunk, thinking that if people were rain, I was drizzle and she was a hurricane."
"I wouldn't have cared if my girlfriend was a Jaguar-driving Cyclops with a beard - I'd have been grateful just to have someone to make out with."
"This was what I liked most about my friends: just sitting around and telling stories. Window stories and mirror stories. I only listened - the stories on my mind weren't that funny."
"Reading with an eye towards metaphor allows us to become the person we're reading about, while reading about them. That's why there is symbols in books and why your English teacher deserves your attention. Ultimately, it doesn't matter if the author intended the symbol to be there because the job of reading is not to understand the author's intent. The job of reading is to use stories as a way into seeing other people as a we ourselves."
"If you don't live a life in service of a greater good, you've gotta at least die a death in service of a greater good, you know? And I fear that I won't get either a life or a death that means anything."
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