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
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... - 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... - Run not into debt, either for wares sold, or money borrowed;
be content to want things that are not of absolute... - 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... - The chief value of money lies in the fact that one lives in a world
in which it is overestimated.
H. L.... - Power shows intimacy as a
reward...
