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"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."
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"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."
"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."
"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."
"But so few of us think clearly about our own private incomes, and admit that independent thoughts are in nine cases out of ten the result of independent means."
"It is the beginning of the 'demonetization' of the notes. The process is hastened by its panic-like character. It may be possible once, twice, perhaps even three or four times, to allay the fears of the public; but eventually the affair must run its course and then there is no longer any going back. Once the depreciation is proceeding so rapidly that sellers have to reckon with considerable losses even if they buy again as quickly as is possible, then the position of the currency is hopeless."
"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."
"Riches are for spending."
"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."
Explore more quotes by Janvier Chouteu-Chando
"In today's world, human desires far supersede human needs. Waste, as you can see, is the result of that disparity."
"The purpose of life is to nurture joy, which involves those aspects of humanity that enrich the soul."
"A writer needs a partner who can act as fuel to his artistic mind, yet has the great ability to sober him up and help him be in sync with the non-artistic part of his soul."
"Never allow yourself to be sapped of your extraordinary energy that is the necessary ingredient for creating something new and progressive."
"In the world of today, human desires far supersede human needs. Waste, as you can see, is the result of all of those contradictions. That is how we ended up complicating our world."
"A woman's love is all a man should expect from his wife. That love could be translated into so many positive things, especially if it is reciprocated."
"When we tend to be too hard on those we love, we erode the softness of our souls in the process, taking out the humanity within us that is the nucleus of our goodness, even if our actions are for their own sake."
"It is better for a realist to bend his will and ethics to accommodate a true friend than it is for him to stick to his principles that may turn the friend into an adversary."
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