QUOTES OF THE DAY

“There are two ways to be fooled. One is to believe what isn’t true; the other is to refuse to believe what is true.”

Søren Kierkegaard

“Beware the leaven of the Pharisees, which is a pious, hollow hypocrisy. For there is nothing covered that shall not be revealed, or hidden, that shall not be made known. Whatever has been said in the darkness shall be heard in the light: and what has been whispered behind closed doors shall be shouted from the roof tops.”

Luke 12:1-3

“A sentiment of trust in the legal money of the State is so deeply implanted in the citizens of all countries that they cannot but believe that some day this money must recover a part at least of its former value.

To their minds it appears that value is inherent in money as such, and they do not apprehend that the real wealth, which this money might have stood for, has been dissipated once and for all.

This sentiment is supported by the various legal regulations with which the Governments endeavor to control internal prices, and so to preserve some purchasing power for their legal tender.

Thus the force of law preserves a measure of immediate purchasing power over some commodities and the force of sentiment and custom maintains, especially amongst peasants, a willingness to hoard paper which is really worthless.”

John Maynard Keynes, Economic Consequences of the War

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