On principle i relative prices will be lowered in the interests of external balance and domestic expenditure will be inflated in the interests of internal balance. Internal balance will be very quickly restored although there is no net change in external balance. Relative prices must, therefore, continue to be lowered, which will tend now to produce a boom at home. The inflationary financial policy must, therefore, be replaced by a deflationary policy. In the end relative prices will be substantially lowered, while there may be a small net inflation or deflation of domestic expenditure by financial policy.
James MeadeRelated topics
balance boom change continue domestic end expenditure external home inflation net now policy principle produce relative small while deflation interestsRelated quotes
George Orwell once wrote: "And it's not a matter of whether the war is not real or if it is. Victory is not possible. The war is not meant to be won, it is meant to be continuous. Hierarchical society is only possible on the basis of poverty and ignorance. This new version is the past and no different past can ever have existed. In principle the war effort is always planned to keep society on the brink of starvation. The war is waged by the ruling group against its own subjects and its object is not the victory over either Eurasia or East Asia but to keep the very structure of society intact."
Michael Moore
For him it was a dark passage which led to nowhere, then to nowhere, then again to nowhere, once again to nowhere, always and forever to nowhere, heavy on the elbows in the earth to nowhere, dark, never any end to nowhere, hung on all time always to unknowing nowhere, this time and again for always to nowhere, now not to be borne once again always and to nowhere, now beyond all bearing up, up, up and into nowhere, suddenly, scaldingly, holdingly all nowhere gone and time absolutely still and they were both there, time having stopped and he felt the earth move out and away from under them.
Ernest Hemingway
Fresh beauty opens one's eyes wherever it is really seen, but the very abundance and completeness of the common beauty that besets our steps prevents its being absorbed and appreciated. It is a good thing, therefore, to make short excursions now and then to the bottom of the sea among dulse and coral, or up among the clouds on mountain-tops, or in balloons, or even to creep like worms into dark holes and caverns underground, not only to learn something of what is going on in those out-of-the-way places, but to see better what the sun sees on our return to common every-day beauty.
John Muir
It is a fearful thing to hate whom God hath loved. To look upon another-his weaknesses, his sins, his faults, his defects is to look upon one who is suffering. He is suffering from negative passions, from the same sinful human corruption from which you yourself suffer. This is very important: do not look upon him with judgmental eyes of comparison, noting the sins you assume you'd never commit. Rather, see him as a fellow sufferer, a fellow human being who is in need of the very healing of which you are in need. Help him, love him, pray for him do unto him as you would have him do unto you.
Tikhon of Zadonsk
The modern financial system is not perfect, but upon a detailed examination of the crime is unfair. Money is not a measure of labor, but a means of exploitation amusing the elite's ambitions. It all depends on how profitable cash flows are, and not on the basis of the principle of measuring labor, on the basis of one's own interests, usurping the distribution of money. Gestures and laws of this kind, and they all use this system and dream, must go to this hierarchy, gain control over the money in order to engage in usurpation of resources. After killing the dragon, they themselves want to become a dragon.
Maxim Mernes
