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"The big print giveth and the fine print taketh away."
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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 Fulton J. Sheen
"To those who rejected Him, righteousness would one day appear as a terrible justice; to the sinful men who accepted Him and allied themselves to His life, righteousness would show itself as mercy."
"His words even imply that philanthropy has deeper depths than is generally realized. The great emotions of compassion and mercy are traced to Him; there is more to human deeds than the doers are aware. He identified every act of kindness as an expression of sympathy with Himself. All kindnesses are either done explicitly or implicitly in His name, or they are refused explicitly or implicitly in His name."
"The humble, simple souls, who are little enough to see the bigness of God in the littleness of a Babe, are therefore the only ones who will ever understand the reason of His visitation. He came to this poor earth of ours to carry on an exchange; to say to us, as only the Good God could say: 'you give me your humanity, and I will give you my Divinity; you give me your time, and I will give you My eternity; you give me your broken heart, and I will give you Love; you give me your nothingness, and I will give you My all."
"In moments when fever, agony, and pain make it hard to pray, the suggestion of prayer that comes from merely holding the rosary - or better still, from caressing the Crucifix at the end of it - is tremendous!"
"To use a man for what he is naturally best fitted is to keep him, if one can, from apostasy and dissatisfaction. At the same time, life's temptations come most often from that for which one has the greatest aptitude."
"When a child is given to his parents, a crown is made for that child in Heaven, and woe to the parents who raise a child without consciousness of that eternal crown!"
"The more He loved those for whom He was the ransom, the more His anguish would increase, as it is the faults of friends rather than enemies which most disturb hearts!"
"A teacher who cannot explain any abstract subject to a child does not himself thoroughly understand his subject; if he does not attempt to break down his knowledge to fit the child's mind, he does not understand teaching."
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