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"But so few of us think clearly about our own private incomes, and admit that independent thoughts are in nine cases out of ten the result of independent means."
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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."
"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."
"For hundreds, even thousands, of years, people completely failed to see that variations in the objective exchange-value of money could be induced by monetary factors. They tried to explain all variations of prices exclusively from the commodity side."
"Even with all its positive attributes, capitalism in its imperialistic form is the most treacherous system mankind ever devised. It is driven by a selfishness that has an almost religious underlining to it."
"The three wealthiest people in the world own more than the GDP of forty-eight countries!"
"And the reason Luke is thinking about time and free will is because he believes that money is the closest human beings have ever come to crystallizing time and free will into a compact physical form. Cash. Cash is a time crystal. Cash allows you to multiply your will, and it allows you to speed up time. Cash is what defines us as a species. Nothing else in the universe has money."
"The values of commodities are directly as the times of labour employed in their production, and are inversely as the productive powers of the labour employed."
Explore more quotes by E. M. Forster
"So never give in, continued the girl, and restated again and again the vague yet convincing plea that the Invisible lodges against the Visible. Her excitement grew as she tried to cut the rope that fastened Leonard to the earth. Woven of bitter experience, it resisted her. Presently the waitress entered and gave her a letter from Margaret. Another note, addressed to Leonard, was inside. They read them, listening to the murmurings of the river."
"But they did not chatter much, for the boy, when he liked a person, would as soon sit silent in his company as speak."
"He had a theory that musicians are incredibly complex, and know far less than other artists what they want and what they are; that they puzzle themselves as well as their friends; that their psychology is a modern development, and has not yet been understood."
"Naked I came into the world, naked I shall go out of it! And a very good thing too, for it reminds me that I am naked under my shirt, whatever its colour."
"The Waves is an extraordinary achievement ... It is trembling on the edge. A little less - and it would lose its poetry. A little more - and it would be over into the abyss, and be dull and arty. It is her greatest book."
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