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Quote by Peter L. Berger

“An economy oriented toward production for market exchange provides the optimal conditions for long-lasting and ever-expanding productive capacity based on modern technology.”

Quote by Peter L. Berger

Author

Peter L. Berger
Peter L. Berger

Peter L. Berger, born on March 17, 1929, is an esteemed sociologist known for his work in the fields of religious sociology and theories of modernity. His research has had a profound impact on contemporary sociology. more

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“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.”