Friday, May 6, 2011

Freedom

... when asked by his supporters what they should do for the cause, he replies,
I don’t know what you should do. That’s what freedom is all about.
Source: Ron Paul
Taken From: LRC Blog, 4/12/2011

Thursday, May 5, 2011

Reverse Psychology


More than any other factor, inflation discredits the authority of the older generation and turns power over to youth. It is not simply a matter of the old losing their economic advantage over the young. In an inflationary environment, all the normal virtues of the old suddenly start to work against them, while all the normal vices of the young suddenly seem to look like wisdom.
Source: Paul A Cantor, Hyperinflation and Hyperreality, 1994
Taken From: See Source

Wednesday, May 4, 2011

Hushed Upheavals

One may say that, apart from wars and revolutions, there is nothing in our modern civilizations which compares in importance to [inflation]. The upheavals caused by inflations [sic] are so profound that people prefer to hush them up and conceal them.
Source: Elias Canetti, Crowds and Power, 1984
Taken From:  Paul A Cantor, Hyperinflation and Hyperreality, 1994

Tuesday, May 3, 2011

Success in an Inflationary Environment

In an inflationary environment, one must dream of becoming an overnight success because the slow steady way of amassing a fortune by working hard simply will not work.
Source: Paul A Cantor, Hyperinflation and Hyperreality, 1994
Taken From:  See Source

Monday, May 2, 2011

Inflationary Side Effect

Conservatism and a sense of tradition make it impossible to respond to rapidly changing economic conditions, while the profligacy of youth becomes paradoxically a kind of prudence in an inflationary environment.

Source: Paul A Cantor, Hyperinflation and Hyperreality, 1994
Taken From:  See Source

Sunday, May 1, 2011

Financial Standard Stability

Money is one of the primary measures of value in any society, ... As such, money is a central source of stability, continuity, and coherence in any community. Hence to tamper with the basic money supply is to tamper with a community's sense of value.

Source: Paul A Cantor, Hyperinflation and Hyperreality, 1994
Taken From:  The Fed Obliterates the Savings Ethic, Mises.org