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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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"If the State uses this power systematically in order to force the community to accept a particular sort of money whose employment it desires for reasons of monetary policy, then it is actually carrying through a measure of monetary policy. The States which completed the transition to a gold standard a generation ago, did so from motives of monetary policy. They gave up the silver standard or the credit-money standard because they recognized that the behaviour of the value of silver or of credit money was unsuited to the economic policy they were following."
"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."
"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."
"But when States did debase the coinage, it was always from purely fiscal motives. The government needed financial help, that was all; it was not concerned with questions of currency policy."
"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."
"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."
"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."
"He who cares to go to the trouble of demonstrating the uselessness of index numbers for monetary theory and the concrete tasks of monetary policy will be able to select a good proportion of his weapons from the writings of the very men who invented them."
Explore more quotes by Edward Abbey
"Civilization is a youth with a molotov cocktail in his hand. Culture is the Soviet tank or L.A. cop that guns him down."
"Anarchism is founded on the observation that since few men are wise enough to rule themselves, even fewer are wise enough to rule others."
"The tragedy of modern war is that the young men die fighting each other - instead of their real enemies back home in the capitals."
"One man alone can be pretty dumb sometimes, but for real bona fide stupidity, there ain't nothin' can beat teamwork."
"We are preoccupied with time. If we could learn to love space as deeply as we are now obsessed with time, we might discover a new meaning in the phrase 'to live like men."
"What we need now are heroes and heroines, about a million of them, one brave deed is worth a thousand books. Sentiment without action is the ruin of the soul."
"Water, water, water....There is no shortage of water in the desert but exactly the right amount , a perfect ratio of water to rock, water to sand, insuring that wide free open, generous spacing among plants and animals, homes and towns and cities, which makes the arid West so different from any other part of the nation. There is no lack of water here unless you try to establish a city where no city should be."
"Reality and real people are too subtle and complicated for anybody's typewriter, even Tolstoy's, even yours, even mine."
"The fire. The odor of burning juniper is the sweetest fragrance on the face of the earth, in my honest judgment; I doubt if all the smoking censers of Dante's paradise could equal it. One breath of juniper smoke, like the perfume of sagebrush after rain, evokes in magical catalysis, like certain music, the space and light and clarity and piercing strangeness of the American West. Long may it burn."
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