Supply Quotes - page 16
The poor are thought to be dangerous, either morally dangerous because they are unproductive social parasites - thieves, prostitutes, drug addicts, and the like - or potentially dangerous because they are disorganized, unpredicatble, and tendentially reactionary. In fact the term lumpenproletariat (or rad proletariat) has functioned for times to demonize the poor as a whole. ... The industrial reserve army is a constant threat hanging over the heads of the existing working class because, first of all, its misery serves as a terrifying example to workers of what could happen to them, and, second, the excess supply of labor it represents lowes the costs of labor and undermines workers' power against employers (by serving potentially as strike breakers, for example).
Antonio Negri
In the intellectual market the quantity of the demand rises in proportion to that of the supply, but its quality does not keep pace with this increase. For example, the Old Testament of pianoforte players, Bach's "Wohltenoerurtes Klavier” is perhaps in almost as many hands as the New Testament, Beethoven's Pianoforte Sonatas, but in few more heads than it was in former years, when it could only be had for six times the present price. Doubtless, its leaves are somewhat oftener turned over, but now, as then, about the sixth part, likely enough just the first sixth, is all that is studies in the real meaning of the word. Here truly is little more gained than a merely superficial acquaintance with the great father of German music.
Hans von Bulow
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