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Economics Quotes

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Economics Quotes

“Our goal is not to assume leadership of existing institutions, but rather to render them irrelevant. We don't want to take over the state or change its policies. We want to render its laws unenforceable. We don't want to take over corporations and make them more 'socially responsible.' We want to build a counter-economy of open-source information, neighborhood garage manufacturing, permaculture, encrypted currency and mutual banks, leaving the corporations to die on the vine along with the state. We do not hope to reform the existing order. We intend to serve as its grave-diggers.”

“As long as we issue fiat currency, I see no alternative to a legal tender law.”

Long Law Money Issues Economics Alternatives Currency Taxation

Author:Alan Greenspan

“There are some things in the world we can't change- gravity, entropy, the speed of light, and our biological nature that requires clean air, clean water, clean soil, clean energy and biodiversity for our health and well-being. Protecting the biosphere should be our highest priority or else we sicken and die. Other things, like capitalism, free enterprise, the economy, currency, the market, are not forces of nature, we invented them. They are not immutable and we can change them. It makes no sense to elevate economics above the biosphere.”

“American money was never more sound, or banking more free, than 200 years ago. Since then, it's been a long steady decline from the gold standard and competitive banking to our Fed-run system of inflated paper currency, deposit insurance, and perpetually shaky banks on the dole.”

Years Long Running Sound Money Paper Standards Years Ago Economics Gold Feds Steady Decline Currency Banking Deposits Gold Standard

Author:Llewellyn Rockwell

“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.”

Firsts War Political Nations Economic Economics Prosperity Ruins Permanent Temporary Currency Refuge Inflation Political Economy Opportunist Panacea Economy And Economics

Book:The Hemingway Collection

Source: The Hemingway Collection

“There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.”

Mean Economics Bases Currency Inflation Economic Freedom Monetary System Central Banking

Author:John Maynard Keynes

“The best way to destroy the capitalist system is to debauch the currency.”

Way Interesting Economic Economics Best Way Capitalist Currency Inflation Distribution Of Wealth Hyperinflation

Author:Vladimir Lenin

“War used to be something you could stand on the nearby hill and watch. Now we have total war; everybody's in it. We have total economics as well. Everything affects everybody. The Malaysian currency shakes, and people around the world are seriously affected.”

People World Wells War Used Watches Economics Used To Be Around The World Hills Shakes Affected Currency Total War

Author:Salman Rushdie

“What's happening is there's transfer of wealth from the poor and the middle class to the wealthy. This comes about because of the monetary system that we have. When you inflate a currency or destroy a currency, the middle class gets wiped out, so the people who get to use the money first, which is created by the Federal Reserve System, benefit, so the money gravitates to the banks and to Wall Street. That's why you have more billionaires than ever before.”

“There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”

Should Mean Results Liberty Economic Involved Economics Crisis Finals Credit Alternatives Collapse Currency Expansion Avoiding Catastrophe Abandonment

Book:Human action: a treatise on economics

Source: Human action: a treatise on economics

“Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.”

Source: The Economic Consequences of the Peace: The Economist

“We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.”

Knows Government Running Levels Economy Capable Economics Crisis Debt Stable Currency High Level

Author:Paul Krugman

“Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.”

Matter Philosophy Government Political Economics Gold Currency Trustworthy Relics

Author:John Maynard Keynes

“It's not so unusual to run out of someone else's currency.”

Philosophy Running Political Economics Unusual Currency

Author:Jeffrey Sachs

“By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.”

May Country States Government Economy Issues Risk Members Creating Economics Print Exposed Currency Absent Default Central Banks Developed Country Depreciate

Author:George Soros