”… but I am under no apprehension of a capital injury from ay other source than that of the continual depreciation of our Money. This indeed is truly alarming, and of so serious a nature that every other effort is in vain unless something can be done to restore its credit. … [they] work more effectually against us that the enemys Arms; and are a hundd. times more dangerous to our liberties and the great cause we are engaged in.” - George Washington (1779)
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” - John Maynard Keynes (The Economic Consequences of the Peace, 1919)
“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 - a deliberate policy of people who resort to inflation because they consider it to be a lesser evil than unemployment. But the fact is that, in the not very long run, inflation does not cure unemployment.” - Ludwig von Mises (1958)
[link] [comments]
No comments:
Post a Comment