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Quotes by Economist
"Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calculation would be in larger or smaller figures; that is all."
13
"Rather than trying to reinvent the wheel, build on to that which is already excellent."
13
"Since its appearance the view that prostitution is a product of capitalism has gained ground enormously. And as, in addition, preachers still complain that the good old morals have decayed, and accuse modern culture of having led to loose living, everyone is convinced that all sexual wrongs represent a symptom of decadence peculiar to our age."
13
"As a rule, however, an increase in the value of money spreads only gradually. The first of those who have to content themselves with lower prices than before for the commodities they sell, while they still have to pay the old higher prices for the commodities they buy, are those who are injured by the increase in the value of money. Those, however, who are the last to have to reduce the prices of the commodities they sell, and have meanwhile been able to take advantage of the fall in the prices of other things, are those who profit by the change."
13
"No matter what the hatred is, preserve the possibility of peace and always have room for forgiveness."
13
"The philosophy of protectionism is a philosophy of war."
13
"The error in this conclusion may be most simply demonstrated by means of an actual example. Let us select for this purpose the monetary history of Austria, which Laughlin also uses as an illustration. From 1859 onwards the Austrian National Bank was released from the obligation to convert its notes on demand into silver, and nobody could tell when the State paper-money issued in 1866 would be redeemed, or even if it would be redeemed at all. It was not until the later 'nineties that the transition to metallic money was completed by the actual resumption of cash payments on the part of the Austro-Hungarian Bank."
13
"Endeavour to appreciate life while you experience it, for some will never experience life again, because they are six feet inside the grave."
13
"Life is not the obstacle to human happiness. Life simply provides the opportunities to learn Life's lessons and develop in ways, and acquire the necessary characteristics that can only be acquired through those opportunities Life provides."
13
"Lets reflect the hopes of the nations under oppression, injustice and brutality. All they see is Unknown suffering Of an empty heart and soul and thus their suffering is unknown. We cannot do everything; but still we can do something. Lend a hand to support the suffering ones."
13
"The moneyprice of any commodity in any place, under the assumption of completely unrestricted exchange and disregarding the differences arising from the time taken in transit, must be the same as the price at any other place, augmented or diminished by the money-cost of transport."
13
"You should always be challenging yourself to see how high you can elevate yourself above the masses."
13
"To minimize hatred and oppression, our love roots must be deep and solid."
13
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