Tag: #Reason

Quotes about Time

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Enjoy the Wisdoms of these quotes !!!

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Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, into the future.

It is a component quantity of various measurements used to sequence events, to compare the duration of events or the intervals between them, and to quantify rates of change of quantities in material reality or in the conscious experience.

Time is often referred to as a fourth dimension, along with three spatial dimensions.

Time is one of the seven fundamental physical quantities in both the International System of Units (SI) and International System of Quantities. The SI base unit of time is the second, which is defined by measuring the electronic transition frequency of caesium atoms.

General relativity is the primary framework for understanding how spacetime works. Through advances in both theoretical and experimental investigations of spacetime, it has been shown that time can be distorted and dilated, particularly at the edges of black holes.

Throughout history, time has been an important subject of study in religion, philosophy, and science.

Temporal measurement has occupied scientists and technologists and was a prime motivation in navigation and astronomy.

Time is also of significant social importance, having economic value (“time is money”) as well as personal value, due to an awareness of the limited time in each day and in human life spans

“Time you enjoy wasting is not wasted time.”

Marthe Troly-Curtin, “Phrynette Married”

“Don’t waste your time in anger, regrets, worries, and grudges.

Life is too short to be unhappy.”

Roy T. Bennett

“How did it get so late so soon?”

Dr. Seuss

“For what it’s worth: it’s never too late or, in my case, too early to be whoever you want to be.

There’s no time limit, stop whenever you want.

You can change or stay the same, there are no rules to this thing.

We can make the best or the worst of it.

I hope you make the best of it.

And I hope you see things that startle you.

I hope you feel things you never felt before.

I hope you meet people with a different point of view.

I hope you live a life you’re proud of.

If you find that you’re not, I hope you have the courage to start all over again.”

Eric Roth,
“The Curious Case of Benjamin Button Screenplay”

“I sit beside the fire and think
Of all that I have seen
Of meadow flowers and butterflies
In summers that have been

Of yellow leaves and gossamer
In autumns that there were
With morning mist and silver sun
And wind upon my hair

I sit beside the fire and think
Of how the world will be
When winter comes without a spring
That I shall ever see

For still there are so many things
That I have never seen
In every wood in every spring
There is a different green

I sit beside the fire and think
Of people long ago
And people that will see a world
That I shall never know

But all the while I sit and think
Of times there were before
I listen for returning feet
And voices at the door”

J.R.R. Tolkien

“Time is an illusion.”

Albert Einstein

“You may delay, but time will not.”

Benjamin Franklin

“Time is a game played beautifully by children.”

Heraclitus, “Fragments”

“It is by no means an irrational fancy that, in a future existence, we shall look upon what we think our present existence, as a dream.”

Edgar Allan Poe

“Time isn’t precious at all, because it is an illusion.

What you perceive as precious is not time but the one point that is out of time:

the Now.

That is precious indeed.

The more you are focused on time—past and future—the more you miss the Now, the most precious thing there is.”

Eckhart Tolle,
“The Power of Now: A Guide to Spiritual Enlightenment”

“The time will come when diligent research over long periods will bring to light things which now lie hidden.

A single lifetime, even though entirely devoted to the sky, would not be enough for the investigation of so vast a subject…

And so this knowledge will be unfolded only through long successive ages.

There will come a time when our descendants will be amazed that we did not know things that are so plain to them…

Many discoveries are reserved for ages still to come, when memory of us will have been effaced.”

Seneca, “Natural Questions”

“Fantasy, if it’s really convincing, can’t become dated, for the simple reason that it represents a flight into a dimension that lies beyond the reach of time.”

Walt Disney

The Universe is very, very big.

It also loves a paradox.

For example, it has some extremely strict rules.

Rule number one:

Nothing lasts forever.

Not you or your family or your house or your planet or the sun.

It is an absolute rule.

Therefore when someone says that their love will never die, it means that their love is not real, for everything that is real dies.

Rule number two:

Everything lasts forever.”

Craig Ferguson,
“Between the Bridge and the River”

“Punctuality is the thief of time.”

Oscar Wilde

“the tired sunsets and the tired
people –
it takes a lifetime to die and
no time at
all.”

Charles Bukowski

“The wisest are the most annoyed at the loss of time.”

Dante Alighieri

“Time is precious, but truth is more precious than time.”

Benjamin Disraeli

“Do not wait: the time will never be ‘just right’.

Start where you stand, and work whatever tools you may have at your command and better tools will be found as you go along.”

Napoleon Hill

The role played by time at the beginning of the universe is, I believe, the final key to removing the need for a Grand Designer, and revealing how the universe created itself. …

Time itself must come to a stop.

You can’t get to a time before the big bang, because there was no time before the big bang.

We have finally found something that does not have a cause because there was no time for a cause to exist in.

For me this means there is no possibility of a creator because there is no time for a creator to have existed.

Since time itself began at the moment of the Big Bang, it was an event that could not have been caused or created by anyone or anything. …

So when people ask me if a god created the universe, I tell them the question itself makes no sense.

Time didn’t exist before the Big Bang, so there is no time for God to make the universe in.

It’s like asking for directions to the edge of the Earth.

The Earth is a sphere.

It does not have an edge, so looking for it is a futile exercise.”

Stephen W. Hawking

“Realize deeply that the present moment is all you will ever have.”

Eckhart Tolle

“A man is the sum of his misfortunes.

One day you’d think misfortune would get tired but then time is your misfortune.”

William Faulkner,
“The Sound and the Fury”

“Nothing endures but change.”

Heraclitus

If you imagine the 4,500-bilion-odd years of Earth’s history compressed into a normal earthly day, then life begins very early, about 4 A.M., with the rise of the first simple, single-celled organisms, but then advances no further for the next sixteen hours.

Not until almost 8:30 in the evening, with the day five-sixths over, has Earth anything to show the universe but a restless skin of microbes.

Then, finally, the first sea plants appear, followed twenty minutes later by the first jellyfish and the enigmatic Ediacaran fauna first seen by Reginald Sprigg in Australia.

At 9:04 P.M. trilobites swim onto the scene, followed more or less immediately by the shapely creatures of the Burgess Shale.

Just before 10 P.M. plants begin to pop up on the land. Soon after, with less than two hours left in the day, the first land creatures follow.

Thanks to ten minutes or so of balmy weather, by 10:24 the Earth is covered in the great carboniferous forests whose residues give us all our coal, and the first winged insects are evident.

Dinosaurs plod onto the scene just before 11 P.M. and hold sway for about three-quarters of an hour.

At twenty-one minutes to midnight they vanish and the age of mammals begins.

Humans emerge one minute and seventeen seconds before midnight.

The whole of our recorded history, on this scale, would be no more than a few seconds, a single human lifetime barely an instant.

Throughout this greatly speeded-up day continents slide about and bang together at a clip that seems positively reckless.

Mountains rise and melt away, ocean basins come and go, ice sheets advance and withdraw.

And throughout the whole, about three times every minute, somewhere on the planet there is a flash-bulb pop of light marking the impact of a Manson-sized meteor or one even larger.

It’s a wonder that anything at all can survive in such a pummeled and unsettled environment.

In fact, not many things do for long.”

Bill Bryson,
“A Short History of Nearly Everything”

“Time is Galleons, little brother.”

J.K. Rowling,
“Harry Potter and the Order of the Phoenix”

“The best teachers have showed me that things have to be done bit by bit.

Nothing that means anything happens quickly–we only think it does.

The motion of drawing back a bow and sending an arrow straight into a target takes only a split second, but it is a skill many years in the making.

So it is with a life, anyone’s life. I may list things that might be described as my accomplishments in these few pages, but they are only shadows of the larger truth, fragments separated from the whole cycle of becoming.

And if I can tell an old-time story now about a man who is walking about, waudjoset ndatlokugan, a forest lodge man, alesakamigwi udlagwedewugan, it is because I spent many years walking about myself, listening to voices that came not just from the people but from animals and trees and stones.”

Joseph Bruchac

I sometimes have moments of such despair, such despair …

Because in those moments I start to think that I will never be capable of beginning to live a real life; because I have already begun to think that I have lost all sense of proportion, all sense of the real and the actual; because, what is more, I have cursed myself; because my nights of fantasy are followed by hideous moments of sobering!

And all the time one hears the human crowd swirling and thundering around one in the whirlwind of life, one hears, one sees how people live—that they live in reality, that for them life is not something forbidden, that their lives are not scattered for the winds like dreams or visions but are forever in the process of renewal, forever young, and that no two moments in them are ever the same; while how dreary and monotonous to the point of being vulgar is timorous fantasy, the slave of shadow, of the idea…”

Fyodor Dostoyevsky,
“White Nights”

“We are living in a culture entirely hypnotized by the illusion of time, in which the so-called present moment is felt as nothing but an infintesimal hairline between an all-powerfully causative past and an absorbingly important future.

We have no present.

Our consciousness is almost completely preoccupied with memory and expectation.

We do not realize that there never was, is, nor will be any other experience than present experience.

We are therefore out of touch with reality.

We confuse the world as talked about, described, and measured with the world which actually is.

We are sick with a fascination for the useful tools of names and numbers, of symbols, signs, conceptions and ideas.”

Alan Wilson Watts

“Enjoy life.

There’s plenty of time to be dead.”

Hans Christian Andersen

“I lied and said I was busy.
I was busy;
but not in a way most people understand.

I was busy taking deeper breaths.
I was busy silencing irrational thoughts.
I was busy calming a racing heart.
I was busy telling myself I am okay.

Sometimes, this is my busy –
and I will not apologize for it.”

Brittin Oakman

“Were all the geniuses of history to focus on this single theme, they could never fully express their bafflement at the darkness of the human mind.

No person would give up even an inch of their estate, and the slightest dispute with a neighbor can mean hell to pay; yet we easily let others encroach on our lives—worse, we often pave the way for those who will take it over.

No person hands out their money to passersby, but to how many do each of us hand out our lives!

We’re tight-fisted with property and money, yet think too little of wasting time, the one thing about which we should all be the toughest misers.”

Seneca,
“On the Shortness of Life: Life Is Long if You Know How to Use It”

“Everyday is a bank account, and time is our currency.

No one is rich, no one is poor, we’ve got 24 hours each.”

Christopher Rice

…unfortunately, it’s true: time does heal.

It will do so whether you like it or not, and there’s nothing anyone can do about it.

If you’re not careful, time will take away everything that ever hurt you, everything you have ever lost, and replace it with knowledge.

Time is a machine: it will convert your pain into experience.

Raw data will be compiled, will be translated into a more comprehensible language.

The individual events of your life will be transmuted into another substance called memory and in the mechanism something will be lost and you will never be able to reverse it, you will never again have the original moment back in its uncategorized, preprocessed state.

It will force you to move on and you will not have a choice in the matter.”

Charles Yu,
“How to Live Safely in a Science Fictional Universe”

“Happy the man, and happy he alone,
he who can call today his own:
he who, secure within, can say,
Tomorrow do thy worst, for I have lived today.

Be fair or foul, or rain or shine
the joys I have possessed, in spite of fate, are mine.
Not Heaven itself, upon the past has power,
but what has been, has been, and I have had my hour.”

Horace

“Sometimes when I meet old friends, it reminds me how quickly time passes.

And it makes me wonder if we’ve utilized our time properly or not.

Proper utilization of time is so important.

While we have this body, and especially this amazing human brain, I think every minute is something precious.

Our day-to-day existence is very much alive with hope, although there is no guarantee of our future.

There is no guarantee that tomorrow at this time we will be here.

But we are working for that purely on the basis of hope.

So, we need to make the best use of our time.

I believe that the proper utilization of time is this: if you can, serve other people, other sentient beings.

If not, at least refrain from harming them. I think that is the whole basis of my philosophy.

So, let us reflect what is truly of value in life, what gives meaning to our lives, and set our priorities on the basis of that.

The purpose of our life needs to be positive.

We weren’t born with the purpose of causing trouble, harming others.

For our life to be of value, I think we must develop basic good human qualities—warmth, kindness, compassion.

Then our life becomes meaningful and more peaceful—happier.”

Dalai Lama XIV,
“The Art of Happiness”

Learn about Inflation Folks!

What Is Inflation?

Inflation definition

Inflation is a rise in prices, which can be translated as the decline of purchasing power over time.

The rate at which purchasing power drops can be reflected in the average price increase of a basket of selected goods and services over some period of time.

The rise in prices, which is often expressed as a percentage, means that a unit of currency effectively buys less than it did in prior periods.

Inflation can be contrasted with deflation, which occurs when prices decline and purchasing power increases.

KEY TAKEAWAYS

  • Inflation is the rate at which prices for goods and services rise.
  • Inflation is sometimes classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation.
  • The most commonly used inflation indexes are the Consumer Price Index and the Wholesale Price Index.
  • Inflation can be viewed positively or negatively depending on the individual viewpoint and rate of change.
  • Those with tangible assets, like property or stocked commodities, may like to see some inflation as that raises the value of their assets.

Understanding Inflation

While it is easy to measure the price changes of individual products over time, human needs extend beyond just one or two products.

Individuals need a big and diversified set of products as well as a host of services for living a comfortable life.

They include commodities like food grains, metal, fuel, utilities like electricity and transportation, and services like healthcare, entertainment, and labor.

Inflation aims to measure the overall impact of price changes for a diversified set of products and services. It allows for a single value representation of the increase in the price level of goods and services in an economy over a period of time.

Causes of Inflation

An increase in the supply of money is the root of inflation, though this can play out through different mechanisms in the economy.

A country’s money supply can be increased by the monetary authorities by:

  • Printing and giving away more money to citizens
  • Legally devaluing (reducing the value of) the legal tender currency
  • Loaning new money into existence as reserve account credits through the banking system by purchasing government bonds from banks on the secondary market (the most common method)

In all of these cases, the money ends up losing its purchasing power. The mechanisms of how this drives inflation can be classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation

Here is an interesting collection of books about inflation:

https://www.infobooks.org/free-pdf-books/business/inflation/

“According to Cantillon, the beneficiaries from the expansion of the money supply are the first recipients of the new money, who are able to spend it before it has caused prices to rise.

Whoever receives it from them is then able to spend it facing a small increase in the price level.

As the money is spent more, the price level rises, until the later recipients suffer a reduction in their real purchasing power.

This is the best explanation for why inflation hurts the poorest and helps the richest in the modern economy.”

Saifedean Ammous, “The Bitcoin Standard: The Decentralized Alternative to Central Banking”

“It is much more difficult to see how it will ever be possible to abandon a system of provision for the aged under which each generation, by paying for the needs of the preceding one, acquires a similar claim to support by the next.

It would almost seem as if such a system, once introduced, would have to be continued in perpetuity or allowed to collapse entirely.

The introduction of such a system therefore puts a strait jacket on evolution and places on society a steadily growing burden from which it will in all probability again and again attempt to extricate itself by inflation.”

Friedrich A. Hayek, “The Constitution of Liberty”

What with the doctrines that are now widely accepted and the policies accordingly expected from the monetary authorities, there can be little doubt that current union policies must lead to continuous and progressive infl ation.

The chief reason for this is that the dominant “fullemployment” doctrines explicitly relieve the unions of the responsibility for any unemployment and place the duty of preserving full employment on the monetary and fiscal authorities.

The only way in which the latter can prevent union policy from producing unemployment is, however, to counter through inflation whatever excessive rises in real wages unions tend to cause.”

Friedrich A. Hayek, “The Constitution of Liberty”

“Inflation destroys the value of your savings while Bitcoin protects them.”

Olawale Daniel

“To accumulate any wealth, you must invest at a growth rate higher than inflation.”

Naved Abdali

“An ounce of gold will always be an ounce of gold regardless of the length of possession.

The short-term value will go up or down, but gold prices will follow the general inflation rate in the long run.”

Naved Abdali

“… The Banks, as we now all too well know, must be rescued no matter what.

‘The value of commodities is thus sacrificed in order to ensure the fantastic and autonomous existence of this value in money.

In any event, a money value is only guaranteed as long as money itself is guaranteed.’

Inflation, as we also know, must be kept under control at all costs.

‘This is why many millions’ worth of commodities have to be sacrificed for a few millions in money.

This is unavoidable in capitalist production and forms one of its particular charms.’

Use values are sacrificed and destroyed no matter what is the social need.

How insane is that?”

David Harvey, “Marx, Capital and the Madness of Economic Reason”

“For one thing, this steady devaluation of the dollar is a new practice, relatively speaking.

For most of our country’s history, the dollar gained value.

The dollar was worth 75 percent more in 1912 than it was worth in 1800.

You know those stories your parents or grandparents tell about how they used to buy a sandwich and a fountain soda for a dime?

How everything was so much cheaper back in the day?

If you were around in 1900, for instance, the old folk didn’t tell those sorts of stories.

What cost a dime in 1900 probably cost fifteen cents in 1875, and twenty cents in 1800.

Of course, since 1912, the dollar has lost more than 95 percent of its value….

You will remember what happened in 1913: the Fed was created.”

Peter Schiff, “The Real Crash”

“We have gold because we cannot trust governments”

Herbert Hoover

“Inflation is taxation without legislation.”

Milton Friedman

“Inflation is always and everywhere a monetary phenomenon.”

Milton Friedman, “Money Mischief: Episodes in Monetary History”

“The arithmetic makes it plain that inflation is a far more devastating tax than anything that has been enacted by our legislature.

The inflation tax has a fantastic ability to simply consume capital.

It makes no difference to a widow with her saving 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 taxes during years of 5 percent inflation.

Either way, she is ‘taxed’ in a manner that leave her no real income whatsoever.

Any money she spends comes right out of capital.

She would find outrageous a 120 percent income tax, but doesn’t seem to notice that 5 percent inflation is the economic equivalent.”

Warren Buffett

“Inflation is as violent as a mugger, as frightening as an armed robber and as deadly as a hit man.”

Ronald Reagan

“The natural tendency of the state is inflation.”

Murray Rothbard

“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.”

Ernest Hemingway

“Whoever controls the volume of money in our country is absolute master of all industry and commerce…when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.”

James A. Garfield

“Continued inflation inevitably leads to catastrophe.”

Ludwig von Mises

“The most important thing to remember is that inflation is not an act of God, that inflation is not a catastrophe of the elements or a disease that comes like the plague. Inflation is a policy.”

Ludwig von Mises

“Continued inflation inevitably leads to catastrophe.”

Ludwig von Mises

“When a business or an individual spends more than it makes, it goes bankrupt.

When government does it, it sends you the bill.

And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation.

Make no mistake about it, inflation is a tax and not by accident.”

Ronald Reagan

“Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending.

No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments.”

Ayn Rand

“Monetary inflation not only raises prices and destroys the value of the currency unit; it also acts as a giant system of expropriation.”

Murray Rothbard

“Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel.

These once unthinkable dosages will almost certainly bring on unwelcome after-effects.

Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation.”

Warren Buffett

“I believe that banking institutions are more dangerous to our liberties than standing armies.”

Thomas Jefferson

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit.

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation.

There is no safe store of value.

Deficit spending is simply a scheme for the hidden confiscation of wealth.

Gold stands in the way of this insidious process. It stands as a protector of property rights.

If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.

Alan Greenspan

“I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.”

Friedrich August von Hayek

“Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency.

By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.

The sight of this arbitrary rearrangement of riches strikes not only at security, but at confidence in the equity of the existing distribution of wealth.”

John Maynard Keynes

“Printing money creates inflation, which weakens an economy.

Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.”

Peter Schiff

“It is a sobering fact that the prominence of central banks in this century has coincided with a general tendency towards more inflation, not less.

[I]f the overriding objective is price stability, we did better with the nineteenth-century gold standard and passive central banks, with currency boards, or even with ‘free banking.’

The truly unique power of a central bank, after all, is the power to create money, and ultimately the power to create is the power to destroy.”

Paul Volcker

“Most people will see declining returns [due to inflation].

One of the great defenses if you’re worried about inflation is not to have a lot of silly needs in your life – you don’t need a lot of material goods.”

Charlie Munger

“Inflation is the true opium of the people and it is administered to them by anticapitalist governments and parties.”

Ludwig von Mises

“There are two main drivers of asset class returns – inflation and growth.”

Ray Dalio

“It’s hard to build models of inflation that don’t lead to a multiverse.

It’s not impossible, so I think there’s still certainly research that needs to be done.

But most models of inflation do lead to a multiverse, and evidence for inflation will be pushing us in the direction of taking [the idea of a] multiverse seriously.”

Alan Guth

“If the governments devalue the currency in order to betray all creditors, you politely call this procedure ‘Inflation‘.”

George Bernard Shaw

“The illusiveness of this concept of national income is to be seen in its dependence on changes in the purchasing power of the monetary unit.

The more inflation progresses, the higher rises the national income.”

Ludwig von Mises

“The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.”

Ludwig von Mises

“The idea that when people see prices falling they will stop buying those cheaper goods or cheaper food does not make much sense.

And aiming for 2 percent inflation every year means that after a decade prices are more than 25 percent higher and the price level doubles every generation.

That is not price stability, yet they call it price stability.

I just do not understand central banks wanting a little inflation.”

Paul Volcker

“Inflation is the fiscal complement of statism and arbitrary government.

It is a cog in the complex of policies and institutions which gradually lead toward totalitarianism.”

Ludwig von Mises

“To reverse the trend and reduce the role of government in our lives, and thus alleviate the government deficit and inflation pressures, is a giant educational task.

The social and economic ideas that gave birth to the transfer system must be discredited and replaced with old values of individual independence and self-reliance.

The social philosophy of individual freedom and unhampered private property must again be our guiding light.”

Hans F. Sennholz

“What I’m trying to say is that for the average investor, what I would encourage them to do is to understand there’s inflation and growth – it can go higher and lower – and to have four different portfolios essentially that make up your total portfolio that gets you balanced.”

Ray Dalio

“If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will.

As a result, this ‘inflation’ of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.”

Murray Rothbard

“We are now speeding down the road of wasteful spending and debt, and unless we can escape we will be smashed in inflation.”

Herbert Hoover

“Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary.

For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.”

Friedrich August von Hayek

“Big business is not dangerous because it is big, but because its bigness is an unwholesome inflation created by privileges and exemptions which it ought not to enjoy.”

Woodrow Wilson

“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.

Gold stands in the way of this insidious process.

It stands as a protector of property rights.”

Alan Greenspan

“Higher education is the place where people who had big plans in high school get stuck in fierce rivalries with equally smart peers over conventional careers like management consulting and investment banking.

For the privilege of being turned into conformists, students (or their families) pay hundreds of thousands of dollars in skyrocketing tuition that continues to outpace inflation.

Why are we doing this to ourselves?”

Peter Thiel

Having examined the nature of fractional reserve and of central banking, and having seen how the questionable blessings of Central Banking were fastened upon America, it is time to see precisely how the Fed, as presently constituted, carries out its systemic inflation and its control of the American monetary system.

Murray Rothbard

“Inflation, being a fraudulent invasion of property, could not take place on the free market.”

Murray Rothbard

“No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon.

Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money.”

Milton Friedman

“The drum-fire of propaganda that the Fed is manning the ramparts against the menace of inflation brought about by others is nothing less than a deceptive shell game.

The culprit solely responsible for inflation, the Federal Reserve, is continually engaged in raising a hue-and-cry about ‘Inflation,’ for which virtually everyone else in society seems to be responsible.

What we are seeing is the old ploy by the robber who starts shouting ‘Stop, thief!’ and runs down the street pointing ahead at others.”

Murray Rothbard

“I think democracies are prone to inflation because politicians will naturally spend [excessively] – they have the power to print money and will use money to get votes.

If you look at inflation under the Roman Empire, with absolute rulers, they had much greater inflation, so we don’t set the record.

It happens over the long-term under any form of government.”

Charlie Munger

“Government policies try to prevent the emergence of serious unemployment by credit expansion, i.e., Inflation.

The outcome was rising prices, renewed demands for higher wages and reiterated credit expansion; in short, Protracted Inflation.”

Ludwig von Mises

“Inflation is essentially antidemocratic.”

Ludwig von Mises

“Inflation has always been an important resource of policies of war and revolution and why we also find it in the service of socialism.”

Ludwig von Mises

With 🧡