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"If wealth is a magnet, poverty is a kind of repellent."
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"Your money myth affects your gain and luck.In economics, illusion of money affects wealth."
"I saw the poverty, I say the prosperity. Both have fundamental problems."
"It is impossible to say how far the present value of money depends on its monetary employment and how far on its industrial employment. When the institution of money was first established, the industrial basis of the value of the precious metals may have preponderated; but with progress in the monetary organization of economic life the monetary employment has become more and more important. It is certain that nowadays the value of gold is largely supported by its monetary employment, and that its demonetization would affect its price in an overwhelming fashion."
"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."
"We can't get to the $4 trillion in savings that we need by just cutting the 12 percent of the budget that pays for things like medical research and education funding and food inspectors and the weather service. And we can't just do it by making seniors pay more for Medicare."
"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."
"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."
Explore more quotes by Nelson Mandela
"If you want to make peace with your enemy, you have to work with your enemy. Then he becomes your partner."
"If there are dreams about a beautiful South Africa, there are also roads that lead to their goal. Two of these roads could be named Goodness and Forgiveness."
"If you talk to a man in a language he understands, that goes to his head. If you talk to him in his language, that goes to his heart."
"Crime must be brought under control... Freedom without civility, freedom without the ability to live in peace, was not true freedom at all."
"Freedom is indivisible; the chains on any one of my people were the chains on all of them, the chains on all of my people were the chains on me."
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