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Earth Quotes

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Earth Quotes

“If it is possible to have a linear unit that depends on no other quantity, it would seem natural to prefer it. Moreover, a mensural unit taken from the earth itself offers another advantage, that of being perfectly analogous to all the real measurements that in ordinary usage are also made upon the earth, such as the distance between two places or the area of some tract, for example. It is far more natural in practice to refer geographical distances to a quadrant of a great circle than to the length of a pendulum.”

“Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.”