Quotes & Sayings About Money Supply

The ordeals at the airport, she said, had made her feel helpless and pathetic and lost. The strange way they spoke. Her diminishing supply of money. The cab rides through the mountains. The rain and heat. And the edge, the dark edge, the inwrought mood or tone, the ominous logic of the place. It was all dreamlike, a nightmare of isolation and constraint. She had to get off the island. — Anonymous

We are so accustomed to the miracle of private enterprise that we habitually take it for granted. But how does private industry solve the incredibly complex problem of turning out tens of thousands of different goods and services in the proportions in which they are wanted by the public? ... It solves these problems through the institutions of private property, competition, the free market, and the existence of money - through the interrelations of supply and demand, costs and prices, profits and losses. — Henry Hazlitt

He who controls the money supply of a nation controls the nation. — James A. Garfield

He returned the money with a graceful letter saying that he had found a means of livelihood which would supply him with all his needs. At the moment he had three francs in the world. — Victor Hugo

He became convinced that ordinary commercial financing could be done for a service charge plus an insurance fee amounting to much less that the current rates of interest charged by banks, whose rates were based on supply and demand, treating money as a commodity rather than as a sovereign state's means of exchange. — Robert A. Heinlein

Shop on the days that are not peak - take the time to figure out which days during the month are going to be the busiest for the stores in your area. These are the days that the prices on your favorite things are going to be the highest. Some of the days to watch out for include holiday long weekends, paydays, the 1st, 15th, and 31st of the month, and even the weekends are usually not the best days to shop in order to save money. This is because everyone is going to be out shopping and so the stores will raise prices due to supply and demand. — Michael Hansen

I'm a wealthy man now. I've got a flat, a car, I have enough money to buy food. I skate to make the people happy. If somebody skates to earn money, I don't care. I skate for the people. Besides, it's pleasant to supply Russia with gold medals. — Evgeni Plushenko

The available supply of gold and silver being wholly inadequate to permit the issuance of coins of intrinsic value or paper currency convertible into coin of intrinsic value or paper currency convertible into coin in the volume required to serve the needs of the People, some other basis for the issue of currency must be developed, and some means other than that of convertibility into coin must be developed to prevent undue fluctuation in the value of paper currency or any other substitute for money intrinsic value that may come into use. — Abraham Lincoln

If Congress wanted to intervene with the Federal Reserve, well, we created the Federal Reserve. We could uncreate it. But would you want Congress regulating the money supply? We'd have drowned in inflation, or gone bankrupt, decades ago. — Jim Cooper

I was becoming more cunning than an animal in hiding my supply of morphine. A squirrel saving nuts is limited by its undeveloped imagination ... but I was not so handicapped. A squirrel, for example, is debarred from sending money to some greedy doctor or druggist and making arrangements to have a bit of powder sent each day by mail. — Evalyn Walsh McLean

The depression was the calculated 'shearing' of the public by the World Money powers, triggered by the planned sudden shortage of supply of call money in the New York money market ... The One World Government leaders and their ever close bankers have now acquired full control of the money and credit machinery of the U.S. via the creation of the privately owned Federal Reserve Bank. — Curtis Bean Dall

There is always the potential for a central bank to engage in discretionary monetary policy and to break the one-to-one link between changes in foreign reserves and changes in the money supply. — Steve Hanke

Markets are free when human beings have equal opportunities to influence the production and trade of desirable goods and services... Some people attain market control and set market prices due to favourable natural, social or political conditions: They attain a monopoly. The problem with monopolies is that they enable those who have attained them to extract money from society without providing goods or services of corresponding value. Apart from abolute monopolies, monopolies can also occur when the market is simply closed to new participants because overall supply can't be increased; these are known as entry monopolies. — Martin Adams

There have been times when the Federal Reserve has restricted the money supply and raised interest rates to gain an end, which had much better been left to another Government agency or the Congress to attain. The country could have had lower interest rates without sacrificing anything else. — Wright Patman

Simply put, the direct power over the money supply is the indirect power over the people. — Orrin Woodward

If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy. — Murray Rothbard

The Anti-Slavery public have generously responded to our appeal, and sent the means to enable us to fit them out well, to pay their passages, supply them with many useful articles and give the Missionaries money to sustain themselves for a while. — Lewis Tappan

Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must have: no central bank; no fixed rations between gold and silver; no bail-outs; no suspension of gold payments or other bank frauds; no monetization of debt; and no inflation of the money supply, all of which have proved so disastrous in the past. — Lawrence Reed

Any system that penalizes success and accomplishment is wrong. Any system that discourages work, discourages productivity, discourages economic progress, is wrong. If, on the other hand, you reduce tax rates and allow people to spend or save more of what they earn, they'll be more industrious; they'll have more incentive to work hard, and money they earn will add fuel to the great economic machine that energizes our national progress. The result: more prosperity for all - and more revenue for government. A few economists call this principle supply-side economics. I just call it common sense. — Ronald Reagan

Laissez-faire, supply and demand-one begins to be weary of all that. Leave all to egotism, to ravenous greed of money, of pleasure, of applause-it is the gospel of despair. — Thomas Carlyle

Contrary to what most people think, bank money is much more important than state money. In Greece, for example, bank money makes up 84.26% of the total money supply. — Steve Hanke

I strongly believe in the fact
that there's still plenty of money and plenty of private equity capital
available around the globe. What are in short supply are great entrepreneurs
and great teams. A trading opportunity or a company's biggest
challenge is and has always been the team behind it. There's enormous
change under way in every facet of the world. Some is technology
driven, some is market driven. All that change creates unprecedented
opportunity, but to take full advantage of such opportunities I mostly
focus on the team. The right teams and right people behind those
opportunities always win. There is no secret sauce. Trading and investing
has, in my experience, boiled down to building relationships and
exchanging value. It consists of striking the right balance between
backing and interacting with the right teams with the right business
model at the right time and with the right amount of money. — Ziad K. Abdelnour

Ron Paul is crazy, the guardians of respectable opinion assured us. What they really meant was that Ron Paul defied traditional political categories and advanced positions outside the Clinton-to-Romney continuum. People whose minds have been formed in ideological prison camps for 12 years have learned to confine themselves within an approved range of possibilities. Tax me 35 percent or tax me 40 percent, but don't raise the possibility that taxation itself may be a moral issue rather than just a matter of numbers. Either bomb or starve that poor country, but don't tell me there might be a third option. The Fed should loosen or the Fed should tighten, but don't tell me our money supply doesn't need to be supervised by a central planner. As always, confine yourself to the three square inches of intellectual terrain the New York Times has graciously allotted to you. — Thomas E. Woods Jr.

There were moments when I wondered at the gossamer veil that stops licence from being libel. I suspect that taking on the job of England manager puts you outside the protection of the courts. It must be part of the job description that you will be held hostage by media speculation and can have your character tortured, molested and finally executed at the public whim, in exchange for a lifetime's supply of money. — A.A. Gill

The slave trade was not controlled by any state or government. It was a purely economic enterprise, organised and financed by the free market according to the laws of supply and demand. Private slave-trading companies sold shares on the Amsterdam, London and Paris stock exchanges. Middle-class Europeans looking for a good investment bought these shares. Relying on this money, the companies bought ships, hired sailors and soldiers, purchased slaves in Africa, and transported them to America. There they sold the slaves to the plantation owners, using the proceeds to purchase plantation products such as sugar, cocoa, coffee, tobacco, cotton and rum. — Yuval Noah Harari

There is no need for government to intervene in money and prices because of changing population or for any other reason. The 'problem' of the proper supply of money is not a problem at all. — Murray Rothbard

Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper. — William E. Rees

Samuel Taylor Coleridge was right when he claimed, 'In politics, what begins in fear usually ends up in folly.' Political activists are more inclined, though, to heed an observation from Richard Nixon: 'People react to fear, not love. They don't teach that in Sunday school, but it's true.' That principle, which guided the late president's political strategy throughout his career, is the sine qua non of contemporary political campaigning. Marketers of products and services ranging from car alarms to TV news programs have taken it to heart as well.

The short answer to why Americans harbor so many misbegotten fears is that immense power and money await those who tap into our moral insecurities and supply us with symbolic substitutes. — Barry Glassner

What was needed was a policy that increased the supply of money available for use and then ensured its use. Then the state of trade would have to improve. — John Kenneth Galbraith

These days, checks are direct-deposited, money comes out of a machine in the wall, and we swipe a plastic card to make a purchase. In other words, your kids can grow up thinking money comes in an endless supply if you don't show them otherwise. — Jean Chatzky

Increases in money supply are what constitute inflation, and a general rise in prices is the symptom. — Walter E. Williams

If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. — Jeffrey Sachs

Let me leave you with one very recent example of Berry at his best, drawn from an op-ed piece that he published (with his old friend and collaborator Wes Jackson) shortly after the economy crashed in the fall of 2008. For 50 or 60 years, we have let ourselves believe that as long as we have money we will have food. This is a mistake. If we continue our offenses against the land and the labor by which we are fed, the food supply will decline, and we will have a problem far more complex than the failure of our paper economy. The government will bring forth no food by providing hundreds of billions of dollars to the agribusiness corporations. I — Wendell Berry

Government is an inherently inflationary institution and will ever remain so until it is dispossessed of its monopoly of the supply of money. — Joseph Salerno

The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device. — John Kenneth Galbraith

All those commodities are going to have to rise in value as we are in short supply and we are printing too much money. — Peter Schiff

Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk, and one would bear the risk of default. The last two would not have to put up any capital for the bond, though they might have to post some sort of collateral. — Fischer Black

I'm a big fan of Bitcoin ... Regulation of money supply needs to be depoliticized. — Al Gore

Learn how to cook! That's the way to save money. You don't save it buying hamburger helpers, and prepared foods; you save it by buying fresh foods in season or in large supply, when they are cheapest and usually best, and you prepare them from scratch at home. Why pay for someone else's work, when if you know how to do it, you can save all that money for yourself? — Julia Child

Thousands of experts study overbought indicators, oversold indicators,
head-and-shoulder patterns, put-call ratios, the Fed's policy on money supply, foreign investment, the movement of the constellations through the heavens, and the moss on oak trees, and they can't predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack. — Peter Lynch

I think the Fed is not designed to have effective tools to deal with the economy. It should settle for just controlling the money supply. And - if it insists, it can worry about inflation. — Jeremy Grantham

An increase in the supply of paper money, and hence a decrease in the purchasing power of the currencies in which most bonds were denominated. A rational investor who anticipated a major war would sell bonds in anticipation of these effects. — Niall Ferguson

If you want to maintain a sustainable supply of fish you have to farm the fish, rather than mine them. So putting your money into fishing fleets that are going to exacerbate the problem by over-fishing is not the way to preserve the underlying asset. — Maurice Strong

Trickle-down economics - it didn't work. The whole idea was supply-side economics: give rich people a lot of money; they'll spend it, it'll go into the economy. Here's what we found out - rich people, really good at keeping all the money. That's how they got rich. If you want it in the economy, give it to the poor people. You know what they're really good at? Spending all their money. — Greg Fitzsimmons

Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world. — Henry A. Kissinger

We conclude, therefore, that determining the supply of money, like all other goods, is best left to the free market. Aside from the general moral and economic advantages of freedom over coercion, no dictated quantity of money will do the work better, and the free market will set the production of gold in accordance with its relative ability to satisfy the needs of consumers, as compared with all other productive goods.10 — Murray N. Rothbard

In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply. — John Kenneth Galbraith

Oh, that's great. That way, when things have quieted down, and we come up for air, or money, or re-supply, we'll get a nice explosive package from him that says "so nice to see you again" in a way that only multi-megaton yields can. — Howard Tayler

An onion can make people cry, but an entertaining novel can make people cry and laugh, and smile, and relax." by David Bishop.

"If fast food restaurants sold men, he would be the ninety-nine-cent special." Maddie Richards in The Beholder.

"Money is something about which one can be more principled after they have an adequate supply." Matt Kile in Who Murdered Garson Talmadge.

"I have always had trouble recorking an opened curiosity." Matt Kile in Who Murdered Garson Talmadge. — David Bishop

The way to improve productivity is not to bring in experts to talk about inputs - seed, equipment and materials, pesticides or water supply. The way to start is to provide an assured market, a fair price, and a system through which rural producers can market their produce which is reasonably efficient and can transfer to them the maximum share of the consumers' money. If such a structure is erected, the producers will then seek the inputs and materials they need to increase their production and productivity. — Verghese Kurien

When the price of coal falls because production has increased while demand has remained unaltered, then, for example, those retailers are involved who have taken supplies from the wholesale dealers at the old higher price but are now able to dispose of them only at the new and lower price. But this alone will not account for all the social changes brought about by the increase of production of coal. The increase in the supply of coal will have improved the economic position of the community. — Ludwig Von Mises

If some stock categories get too hot-and-pricey, mass supply is created via stock offerings to tap that cheap money - and, when overdone, drives it all down. — Kenneth Fisher

As we day by day receive grace from Jesus, and more constantly recognize it as coming from Him, we shall behold Him in communion with us, and enjoy the felicity of communion with Him. Let us make daily use of our riches, and ever repair to Him as to our own Lord in covenant, taking from Him the supply of all we need with as much boldness as men take money from their own purse. — Charles Haddon Spurgeon

We shall take whatever action is necessary to contain the growth of the money supply. The government, unlike so many of its predecessors, will face up to economic realities. — Margaret Thatcher

Acting is wonderful, but it's not pulling in the type of money that I want. It's not bringing in the type of money that I am used to or the type of money that is going to supply my lifestyle. I'm a leisure girl; I like to be over in Italy or in Europe, you know shopping or vacationing, you know. — LisaRaye McCoy-Misick

As long as we cling to the superstition that we must look to government for money supply, instead of requiring it to look to us, just so long must we remain the subjects of government and it is vain to follow this or that policy or party or ism in the hope of salvation. We can control government and our own destiny only through our money power and until we exert that power it is useless for us to debate the pros and cons of political programs. — E.C. Riegel

Thus, our national circulating medium is now at the mercy of loan transactions of banks, which lend, not money, but promises to supply money they do not possess — Irving Fisher

The Federal Reserve System is a legal private monopoly of the money supply operated for the benefit of the few under the guise of protecting and promoting the public interest. — Anonymous

Money, first and foremost, is a medium of communication, conveying the information we call 'price'. Government control of the money supply is censorship, a violation of the First Amendment. Inflation is a lie. — L. Neil Smith

We'll have to reclaim the ward 'taxes.' Why has it become a synonym for 'evil'? I understand that no one likes to pay good money for nothing. But fire and police protection aren't nothing ... Roads, bridges, airports, and mass transit systems aren't nothing. National parks, clean air, and clear water aren't nothing. A safe food supply, functioning schools with well-trained teachers, and well-equipped hospitals aren't vaporous apparitions either. — Arianna Huffington

Ultimately, we need to take control over the money supply out of the hands of our governments and make the production of money again subject to the principle of free association. The first step to endorsing and promoting this strategy is to realize that governments do not - indeed cannot - fulfill any positive role whatever through the control of our money. — Jorg Guido Hulsmann

Diluting the money supply with paper is the moral equivalent of diluting the milk supply with water. — Henry Hazlitt

In sum, freedom can run a monetary system as superbly as it runs the rest of the economy. Contrary to many writers, there is nothing special about money that requires extensive governmental dictation. Here, too, free men will best and most smoothly supply all their economic wants. For money as for all other activities of man, liberty is the mother, not the daughter, of order. — Murray N. Rothbard

This morning, prompted by increasing concerns about terrorism, oil prices reached a record high as the cost of a barrel of crude is a whopping $44.34. Wow, it seems shocking that a product of finite supply gets more expensive the more we use it. Now the terror alert means higher oil prices, which oddly enough means higher profits for oil companies giving them more money to give to politicians whose policies may favor the oil companies such as raising the terror alert level. As Simba once told us: "It's the circle of life." — Jon Stewart

The core of the doctrine consists in the proposition that the supply of money and the demand for it both affect its value. This proposition is probably a sufficiently good hypothesis to explain big changes in prices; but it is far from containing a complete theory of the value of money. It describes one cause of changes in prices; it is nevertheless inadequate for dealing with the problem exhaustively. By itself it does not comprise a theory of the value of money; it needs the basis of a general value theory. One after another, the doctrine of supply and demand, the cost-of-production theory, and the subjective theory of value have had to provide the foundations for the Quantity Theory. — Ludwig Von Mises

The best place to have some food set aside is within our homes, together with a little money in savings. The best welfare program is our own welfare program. Five or six cans of wheat in the home are better than a bushel in the welfare granary ... We can begin with a one week's food supply and gradually build it to a month, and then to three months. I am speaking now of food to cover basic needs. — Gordon B. Hinckley

They told me exactly how it worked, the marketing of it. Our target market was always going to be young teenage girls, because boys are into sports, and they like buying jerseys and caps and so on, for baseball or football, things of that nature, whereas the girls are totally enthralled with the band. . . . They don't have money, but they have access to a large supply of it: their aunts, uncles, grandmas, grandpas, who would spend money on them for a concert or merchandise sooner than they would spend it on themselves. — John Seabrook

A lot of people think that, as actors, we have an endless supply of money, and you don't. It comes in waves, and then you're riding a certain amount of money for awhile. When you're at that point where you're like, "Do I feed myself or do I do music?," it's a juggling act. — Tinsel Korey

Wisdom is like the rain. Its source is unlimited, but it comes down according to the season. Grocers put sugar in a bag, but their supply of sugar is not the amount in the bag. When you come to a grocer, he has sugar in abundance. But he sees how much money you have brought and gives accordingly. Your currency on this Path is resolution and faith, and you are taught according to your resolution and faith. When you come seeking sugar, they examine your bag to see what its capacity is; then they measure out accordingly. — Rumi

Before Volcker's speech, bonds had been conservative investments, into which investors put their savings when they didn't fancy a gamble in the stock market. After Volcker's speech, bonds became objects of speculation, a means of creating wealth rather than merely storing it. — Michael Lewis

As has been stated, the purpose of money is to split barter into two parts so that the seller is free to find his source of supply later and elsewhere. This is the sole purpose of money. Any effort to use money to serve another purpose is perversive; and this statement condemns the entire managed money philosophy. — E.C. Riegel

Significant changes in the growth rate of money supply, even small ones, impact the financial markets first. Then, they impact changes in the real economy, usually in six to nine months, but in a range of three to 18 months. Usually in about two years in the US, they correlate with changes in the rate of inflation or deflation."
"The leads are long and variable, though the more inflation a society has experienced, history shows, the shorter the time lead will be between a change in money supply growth and the subsequent change in inflation. — Milton Friedman

Once the idea is accepted that money is something whose supply is determined simply by the printing press, it becomes impossible for the politicians in power to resist the constant demands for further inflation. — Henry Hazlitt

Had Volcker never pushed through his radical change in policy, the world would be many bond traders and one memoir the poorer. — Michael Lewis

They still have some money, and they have needs to supply. They must begin immediately to pool their earnings and organize industries to participate in supplying social and economic demands. — Carter G. Woodson

It is easier to have faith that God will support each House of Hospitality and Farming Commune and supply our needs in the way of food and money to pay bills, than it is to keep a strong, hearty, living faith in each individual around us - to see Christ in him. — Dorothy Day

Debt deflation is when there's less money that people have to spend out of their paychecks on goods and services, because they're paying the FIRE sector. Oil going down is a function of the supply and demand of oil in the market. It's a separate phenomenon. — Michael Hudson

Is it any more moral to dilute the value of the purchasing power of the money you hold in your wallet than it is for the farmer to dilute the milk supply with water? — Ron Paul

Everything reminds Milton Friedman of the money supply. Everything reminds me of sex, but I try to keep it out of my papers. — Robert Solow

In reality, government subsidized railroad construction, maintained high protective tariffs and a tight money supply, used its power to crush strikes, and in other ways supported the nation's most powerful economic interests. But the laissez-faire myth still framed political debate. The — Steven J. Diner

When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument. — Milton Friedman

Instability mostly comes from the interface between the fact that the banks (or shadow banks) can create credit, money, and purchasing power in infinite quantities if we don't constrain them, and the fact that credit is primarily created to fund the purchase of urban real estate and land, which is somewhat fixed in supply. — Adair Turner

The procedure has a strange Alice-in-Wonderland quality. The reservoir was created as a public water supply, yet the community, probably unconsulted about the sportsmen's project, is forced either to drink water containing poisonous residues or to pay our tax money for treatment of the water to remove the poisons - treatments that are by no means foolproof. — Rachel Carson

One of the great things about a free market is that it's inherently and indefatigably Darwinistic. Left to its own devices, a free market will eventually weed out the stupid from both 'ends' of the food chain otherwise described as supply and demand. As money is liberated from the hands of the stupid, those who would sell products or services to the stupid will eventually lose their share of the marketplace. Devoid of any 'benevolent' interference from government, the process is gloriously relentless, and cannot help but yield a successively smarter class of participants. — Edward Britton

We need to invade Michigan and rebuild the state from the ground up. We will be greeted as liberators, we have clear supply lines, and we can easily rebuild the auto industry with the kind of money we spend on other countries we invade. Hell, our new Secretary of State, Hillary of Clinton, spent the better part of the past year fighting for the rights of average folks from Michigan, so think of the good will we have with the public. This is very doable. Just tell Congress we will give KBR no-bid contracts to fix Detroit. — John Cole

The amount of currency in circulation is not changing. The money supply is not changing in any significant way. — Ben Bernanke

At the beginning of World War II the U.S. had a mere 600 or so first-class fighting aircraft. We rapidly overcame this short supply by turning out more than 90,000 planes a year. The question at the start of World War II was: Do we have enough funds to produce the required implements of war? The answer was No, we did not have enough money, nor did we have enough gold; but we did have more than enough resources. It was the available resources that enabled the US to achieve the high production and efficiency required to win the war. Unfortunately this is only considered in times of war. — Jacque Fresco

Well, here's the trick about money. The understanding that it is available in unlimited supply and readily replaceable changes everything. — Dan S. Kennedy

The Federal Reserve is the overlord of the money supply. If these two are not steering in the same direction, they can either neutralize each other or have the economy lurching in all directions. This is not a rational system for setting economic policy. It has given us trouble in the past, as the text will establish, and will inevitably in the future. — Wright Patman

Money is finite. There is not an infinite supply. That's something a lot of people have trouble remembering these days. In a time when crazy mortgages, car loans, student loans, and credit cards make you believe anyone can purchase anything at any time with no consequences, it's easy to forget that money has limits. — Dave Ramsey

Currency peg can mean higher volatility in short-term interest rates, as the central bank seeks to keep the price of its money steady in terms of the peg. It can mean deflation, if the supply of the peg is constrained (as the supply of gold was relative to the demand for it in the 1870s and 1880s). — Niall Ferguson

Thanks to years of travel at other people's expense, I have a lifetime supply of soaps, small bottles of shampoo, aromatic lotions, sewing kits, and shoe mitts. I have over eleven hundred shower caps and require now only a reason to use them. I am so well prepared financially that I have money in a range — Bill Bryson

I am, I know I am, the use of God's limitless opulence and supply. — Malti Bhojwani

When you give government the power to control the money supply, it grows like a tumor until it extinguishes society itself. — Stefan Molyneux

The market insures that any quantity of money is capable of performing all the work required of a medium of exchange by adjusting its purchasing power to the underlying conditions of supply and demand. — Joseph Salerno

The money our society spends goes to appease those with power. As such, it goes mainly to those who don't need it. A nation that redistributes income to its poor buys a civilized and humane society, and it buys this with a miniscule share of the national income and a modest reduction in the supply of cleaning women. A country that subsidizes workers in the prime working years sacrifices, not a dust-free living room, but the very muscle of the national economy. — Mancur Olson

The facilities for advanced education must be evened out and multiplied. No one who can take advantage of a higher education should be denied this chance. You cannot conduct a modern community except with an adequate supply of persons upon whose education, whether humane, technical, or scientific, much time and money have been spent. — Winston Churchill