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Fall Quotes - page 87 - Quotesdtb.com
Fall Quotes - page 87
Flowers fade and fly, and flying fill the sky;
Their bloom departs, their perfume gone, yet who stands pitying by? ...
Oh, let me sadly bury them beside these steps to-night! ...
Farewell, dear flowers, for ever now, thus buried as 'twas best,
I have not yet divined when I with you shall sink to rest.
I who can bury flowers like this a laughing-stock shall be;
I cannot say in days to come what hands shall bury me.
See how when spring begins to fail each opening floweret fades;
So too there is a time of age and death for beauteous maids;
And when the fleeting spring is gone, and days of beauty o'er,
Flowers fall, and lovely maidens die, and both are known no more.
Herbert Giles
When credit is expanding, the rising price level and high profits bring about a high rate of interest. When the expansion has reached, the limit permitted by the stock of gold, the rate of interest is put still higher in order to bring about a fall in the price level. When the fall in prices takes effect, a low rate of interest becomes appropriate, and when credit contraction has proceeded so far that a redundant supply of gold has accumulated, the rate of interest is depressed still lower in order to bring about a renewed rise in the price level. Thus a high rate of interest corresponds first with rising, then with falling, prices, and so synchronizes with high prices. A low rate of interest corresponds first with falling, and then with rising, prices, and so synchronizes with low prices.
Ralph George Hawtrey