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"Usually when people talk about the trickle-down theory, it has to do with economics. The richer people at the top of a society become, supposedly, the more wealth there is to trickle down to the people below. It never really works out that way, of course, because if there are 2 things people at the top can't stand, they have to be leakage and overflow."
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"When a country has substituted credit money or fiat money for metallic money, because the legal equating of the over-issued paper and the metallic money sets in motion the mechanism described by Gresham's Law, it is often asserted that the balance of payments determines the rate of exchange. But this also is a quite inadequate explanation. The rate of exchange is determined by the purchasing power possessed by a unit of each kind of money."
"I saw the poverty, I say the prosperity. Both have fundamental problems."
"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."
"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."
"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."
"It is the consumers who make poor people rich and rich people poor."
"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."
"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."
"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."
Explore more quotes by Kurt Vonnegut
"Dear Sir, poor sir, brave sir." he read, "You are an experiment by the Creator of the Universe. You are the only creature in the entire Universe who has free will. You are the only one who has to figure out what to do next - and why. Everybody else is a robot, a machine. Some persons seem to like you, and others seem to hate you, and you must wonder why. They are simply liking machines and hating machines. You are pooped and demoralized, " read Dwayne. "Why wouldn't you be? Of course it is exhausting, having to reason all the time in a universe which wasn't meant to be reasonable."
"Perhaps some people really are born unhappy. I surely hope not. Speaking for my sister and myself: We were born with the capacity and determination to be utterly happy all the time. Perhaps even in this we were freaks. Hi ho."
"And God created every living creaturethat now moveth, and one was man. Mud as man alone could speak.God leaned close as mud as man sat up, looked around, and spoke.Man blinked. "What is the purpose of all this? he asked politely."Everything must have a purpose? asked God."Certainly, said man."Then I leave it to you to think of one for all this, said God. And Hewent away."
"In an extended family, anybody can bug out of his own house for months, and still be among relatives. Nobody has to go on a hopeless quest for friendly strangers, which is what most Americans have to do."
"Q: What is wrong with the world?A: Everybody pays attention to pictures of things. Nobody pays attention to things themselves."
"I thought scientists were going to find out exactly how everything worked, and then make it work better. I fully expected that by the time I was twenty-one, some scientist, maybe my brother, would have taken a colour photograph of God Almighty - and sold it to Popular Mechanics magazine. Scientific truth was going to make us so happy and comfortable.What actually happened when I was twenty-one was that we dropped scientific truth on Hiroshima."
"There are plenty of good reasons for fighting, I said, but no good reason ever to hate without reservation, to imagine that God Almighty Himself hates with you, too."
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