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"An economic system which can only expand or expire must be false to all that is human."
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"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."
"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."
"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."
Explore more quotes by Edward Abbey
"The weather here is windy, balmy, sometimes wet. Desert springtime, with flowers popping up all over the place, trees leafing out, streams gushing down from the mountains. Great time of year for hiking, camping, exploring, sleeping under the new moon and the old stars. At dawn and at evening we hear the coyotes howling with excitement - mating season. And lots of fresh rabbit meat hopping about to feed the young ones with."
"Has joy any survival value in the operations of evolution? I suspect that it does; I suspect that the morose and fearful are doomed to quick extinction. Where there is no joy there can be no courage; and without courage all other virtues are useless. Therefore the frogs, the toads, keep on singing even though we know, if they don't, that the sound of their uproar must surely be luring all the snakes and ringtail cats and kit foxes and coyotes and great horned owls toward the scene of their happiness."
"Me, I'm living under a sword too, as Jack may have told you. An old wino's disease, which could lay me in the grave most anytime. Not that I mind too much; I've done everything I ever wanted to do. But ... as you know, one would like to continue doing the good things over and over again, so long as there's pleasure in it."
"The one thing ... that is truly ugly is the climate of hate and intimidation, created by a noisy few, which makes the decent majority reluctant to air in public their views on anything controversial. ... Where all pretend to be thinking alike, it's likely that no one is thinking at all."
"I took the other road, all right, but only because it was the easy road for me, the way I wanted to go. If I've encountered some unnecessary resistance that's because most of the traffic is going the other way."
"Our institutions are too big; they represent not the best but the worst characteristics of human beings. By submitting to huge hierarchies of power, we gain freedom from personal responsibility for what we do and are forced to do - the seduction of it - but we lose the dignity of being real men and women. Power corrupts; attracts the worst and corrupts the best. ... Refuse to participate in evil; insist on taking part in what is healthy, generous, and responsible. Stand up, speak out, and when necessary fight back. Get down off the fence and lend a hand, grab a-hold, be a citizen - not a subject."
"In this respect the differences between the USA and the USSR are those of evangelical dinosaurs competing for domination on one small planet: the first deifies Jesus Christ, the other Karl Marx. Neither has much practical interest in what those two sincere and hard-working fellows actually preached."
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