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Exlpore more Economics quotes
"We can easily imagine a monetary organization which, by the exclusive use of notes or clearing-house methods, allows all transfers to be made with the instrumentality of sums of money that never change their position in space.If differences due to the geographical position of money are disregarded in this way, we get the following law for the exchange-ratio between money and other economic goods: every economic good, that is ready for consumption (in the sense in which that phrase is usually understood in commerce and technology), has a subjective use-value qua consumption good at the place where it is and qua production good at those places to which it may be brought for consumption."
"The State does not govern the market; in the market in which products are exchanged it may quite possibly be a powerful party, but nevertheless it is only one party of many, nothing more than that. All its attempts to transform the exchange-ratios between economic goods that are determined in the market can only be undertaken with the instruments of the market."
"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."
"Basic economic theory. People behave differently based on how much they think something's worth. Because everyone got their chips for free, people made huge bets on every hand-no matter what they were holding. People who play with everything on the line-for real-don't act like that."
"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."
"Let us merely discuss the question, what consequences would necessarily follow if, ceteris paribus, with an increasing quantity of money, prices were restricted to the old level by official compulsion? An increase in the quantity of money leads to the appearance in the market of new desire to purchase, which had previously not existed; 'new purchasing power', it is usual to say, has been created. If the new would-be purchasers compete with those that are already in the market, then, so long as it is not permissible to raise prices, only part of the total purchasing power can be exercised."
"Some regard private enterprise as if it were a predatory tiger to be shot. Others look upon it as a cow that they can milk. Only a handful see it for what it really is--the strong horse that pulls the whole cart."
Explore more quotes by Toba Beta
"I know that men are so eager to be one among the stars.I feel that damaged earth will never let men go off hand."
"Once upon a time in the land of Shinar, God came down to see the city and the tower. People were united and spoke in one language. Then God confound their language and caused them scattered all over the planet earth. I believe, because of our technology, there will be one computer-based language on earth. Then God will come back again and make us all scattered all over the stars constellation."
"I learn to trust someone I love..I learn to deal with heartbreak..I learn to forgive him who hurts.I never stop learning in this life."
"When you've succeeded, you'd say:'Indeed I'd to go through those hell before fit into all of this happiness."
"General..behold the future of weaponry.""What the hell I am seeing here, Colonel?""It's..technologart of ancient weaponry, Sir!""It's..what?"
"When you get lost in a really strange place, nothing is more comforting than found your friend whom you trust and can show the way."
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