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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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"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."
"Neither has the wealth of a country any bearing on the valuation of its money. Nothing is more erroneous than the widespread habit of regarding the monetary standard as something in the nature of the shares of the State or the community.Such observers fail to recognize that the valuation of the rnonetary unit does not depend upon the wealth of the country, but upon the ratio between the quantity of money and the demand for it, so that even the richest country may have a bad currency and the poorest country a good one."
"Miracle focus messages compels masses to think that the process of production is not necessary for prosperity."
"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 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."
"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."
"If wealth is a magnet, poverty is a kind of repellent."
"The big print giveth and the fine print taketh away."
Explore more quotes by Edward Abbey
"To the question: Wilderness, who needs it? Doc would say: Because we like the taste of freedom, comrades. Because we like the smell of danger. But, thought Hayduke, what about the smell of fear, Dad?"
"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."
"And the so-called 'political process' is a fraud: Our elected officials, like our bureaucratic functionaries, like even our judges, are largely the indentured servants of the commercial interests."
"One mile farther and I come to a second grave beside the road, nameless like the other, marked only with the dull blue-black stones of the badlands. I do not pause this time. The more often you stop the more difficult it is to continue. Stop too long and they cover you with rocks."
"As for writing, that's a cruel hard business. Unless you're very lucky it'll break your heart."
"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."
"Philosophy without action is the ruin of the soul. One brave deed is worth a hundred books, a thousand theories, a million words. Now as always we need heroes. And heroines! Down with the passive and the limp."
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