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History Shows That Money Will Multiply In Volume And Divide In Value Over The Long Run.
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History shows that money will multiply in volume and divide in value
over the long run. Or expressed differently, the purchasing power
of currency will vary inversely with the magnitude of the public debt.
-- William H. Peterson
Related:
Kamin's First Law All currencies will decrease in value and purchasing power over the long term
unless they are freely and fully convertable into gold and that gold is traded freely without restrictions of any kind....
Kamin's Fifth Law Purchasing power of currency is always lost far more rapidly than ever regained.
(Those who expect even fluctuations in both directions play a losing game.)...
Run not into debt, either for wares sold, or money borrowed
be content to want things that are not of absolute necessity, rather than run up the score....
Amoebit: Amoeba/rabbit cross; it can multiply and divide at the same time.
AMOEBIT: Amoeba/rabbit cross; it can multiply and divide at the same time.
A page of history is worth a volume of logic.
In each city in the region of Treehaven, the majority of the money spent on government-run public school education comes from taxes that each city government collects.
The region's cities differ, however, in the value they place on public education....
The chief value of money lies in the fact that one lives in a world in which it is overestimated.
-- H. L. Mencke...
Power shows intimacy as a reward.