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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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"There is not the slightest analogy between playing games and the conduct of business within a market society. The card player wins money by outsmarting his antagonist. The businessman makes money by supplying customers with goods they want to acquire."
"It is the beginning of the 'demonetization' of the notes. The process is hastened by its panic-like character. It may be possible once, twice, perhaps even three or four times, to allay the fears of the public; but eventually the affair must run its course and then there is no longer any going back. Once the depreciation is proceeding so rapidly that sellers have to reckon with considerable losses even if they buy again as quickly as is possible, then the position of the currency is hopeless."
"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."
"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."
"One of the Great Rules of Economics According to John GreenIf you are rich, you have to be an idiot not to stay rich. And if you are poor, you have to be really smart to get rich."
"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."
Explore more quotes by Kurt Vonnegut
"This has been my greatest challenge: because the current reality now seems so unreal, it's hard to make nonfiction seem believable. But you, my friend [Michael Moore], are able to do that."
"Mankind flung its advance agents ever outward, ever outward. Eventually it flung them out into space, into the colorless, tasteless, weightless sea of outwardness without end. It flung them like stones."
"That's the attractive thing about war, said Rosewater. "Absolutely everybody gets a little something."
"Homo Americanus is going to go on speaking and writing the way he always has, no matter what dictionary he owns."
"When we passed a Catholic church, I recalled, he said, "You think your dad's a good chemist? They're turning soda crackers into meat in there. Can your dad do that?"
"We Humanists behave as well as we can, without any expectation of rewards or punishments in an Afterlife. We serve as best we can the only abstraction with which we have any real familiarity, which is our community."
"Everybody who is alive is a survivor, and everybody who is dead isn't," I said."So everybody alive must have the Survivor's Syndrome. It's that or death. I am so damn sick of people telling me proudly that they are survivors!"
"I realize that some of you may have come in hopes of hearing tips on how tobecome a professional writer. I say to you, "If you really want to hurt yourparents, and you don't have the nerve to be a homosexual, the least you cando is go into the arts. But do not use semicolons. They are transvestitehermaphrodites, standing for absolutely nothing. All they do is show you'vebeen to college."
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