Economics and Finance


in Quotes & Aphorisms (Economics and Finance)
Thus inflation is unjust and deflation is inexpedient. Of the two perhaps deflation is, if we rule out exaggerated inflations such as that of Germany, the worse; because it is worse, in an impoverished world, to provoke unemployment than to disappoint the rentier. But it is necessary that we should weigh one evil against the other. It is easier to agree that both are evils to be shunned.
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    in Quotes & Aphorisms (Economics and Finance)
    Do not let any calamity-howling executive with an income of $1,000 a day, who has been turning his employees over to the Government relief rolls in order to preserve his company's undistributed reserves, tell you, using his stockholders'money to pay the postage for his personal opinions, tell you that a wage of $11.00 a week is going to have a disastrous effect on all American industry. Fortunately for business as a whole, and therefore for the Nation, that type of executive is a rarity with whom most business executives heartily disagree.
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      in Quotes & Aphorisms (Economics and Finance)
      A man's right to work as he will, to spend what he earns, to own property, to have the State as servant and not as master: these are the British inheritance. They are the essence of a free economy. And on that freedom all our other freedoms depend.
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        in Quotes & Aphorisms (Economics and Finance)
        Enclosure, once accepted, redefines community. Enclosure underlines the local autonomy of community. Enclosure of the commons is thus as much in the interest of professionals and of state bureaucrats as it is in the interest of capitalists. Enclosure allows the bureaucrats to define local community as impotent "ei-ei schau-schau!" To provide for its own survival. People become economic individuals that depend for their survival on commodities that are produced for them. Fundamentally, most citizens'movements represent a rebellion against this environmentally induced redefinition of people as consumers.
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