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Quote by Charles Caleb Colton

“Our income are like our shoes; if too small, they gall and pinch us; but if too large, they cause us to stumble and trip.”

Quote by Charles Caleb Colton

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Charles Caleb Colton
Charles Caleb Colton

Charles Caleb Colton was an English writer active from 1780 to 1832. Known for his humor and wit, he is particularly recognized for his aphorisms and satirical works. more

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“A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy. Thus inflation becomes the most important psychological resource of any economic policy whose consequences have to be concealed; and so in this sense it can be called an instrument of unpopular, i.e. of anti-democratic, policy, since by misleading public opinion it makes possible the continued existence of a system of government that would have no hope of the consent of the people if the circumstances were clearly laid before them. That is the political function of inflation. It explains why inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.”

FreedomMoneyCapitalismEconomics
Book:The Theory of Money and Credit
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