“In this difficult era the most valuable commodity is the unfailing turn of the hours and how they retrieve for us the known harbor of yesterday.” TurnsDifficultHoursKnownValuableYesterdayErasCommodityHarbors Book:On Such a Full Sea: A Novel Source: On Such a Full Sea: A Novel
“Once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities will not cease to rise, everybody becomes eager to buy as much as possible and restrict his cash holdings to minimum size... If the credit expansion is not stopped in time, the boom turns to crack-up boom: the flight into real values begins, and the whole monetary system founders.” IfsRealEndsWholeValuesTurnsOpinionIncreaseInvestingSizeCreditConvincedCeaseFlightCracksCashQuantityFoundersMinimumExpansionCommodityPublic OpinionMonetaryReal ValueMonetary System Author:Ludwig von Mises