The State is the great fiction through which everyone endeavours to live at the expense of everyone else.
- Frédéric Bastiat - Topics: Government.
How long can a central bank continue an inflation? Probably as long as people are convinced that the government, sooner or later, but certainly not too late, will stop printing money and thereby stop decreasing the value of each unit of money. When people no longer believe this, when they realize that the government will go on and on without any intention of stopping, then they begin to understand that prices tomorrow will be higher than they are today. Then they begin buying at any price, causing prices to go up to such heights that the monetary system breaks down.
- Ludwig von Mises - Topics: Inflation.
When confidence goes, the end is very near. It always comes faster than anyone expects and it always seems to be unexpected.
- John Mauldin - Topics: Debt, Default.
Economic history is a long record of Government policies that failed because they were designed with a bold disregard for the laws of economics.
- Ludwig von Mises - Topics: Government.
The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer, it will go to India. If we purchase fruits and vegetables it will go to Mexico, Honduras and Guatemala. If we purchase a good car, it will go to Germany and Japan. If we purchase useless crap, it will go to Taiwan. In short, none of it will help the American economy. The only way to keep that money here at home is to spend it on beer, since this isthe only product still produced in the US. I've been doing my part...
- Marc Faber - Topics: Government.
I believe that anyone who is intelligent, conscientious, and willing to put in the necessary time can be successful on Wall Street. As long as they realize the market is a business like any other business, they have a good chance to prosper.
- Jesse Livermore - Topics: Stock Market, Trader.
In this business, if you're good, you're right six times out of ten. You're never going to be right nine times out of ten.
- Peter Lynch - Topics: Trader, Stock Market, Investing.
Price is what you pay, value is what you get.
- Warren Buffett - Topics: Stock Market, Investing.
If something cannot go on forever, it will stop.
- Herbert Stein - Topics: Stock Market.
You need to buy insurance before the calamity hits. Bitcoin is the perfect anti-fiat. Bitcoin is equivalent to default insurance on a basket of fiat credit. You need to own bitcoin as a hedge to the regular calamities of the fiat system.
- Greg Foss - Topics: Cryptocurrency.
If you don't study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
- Peter Lynch - Topics: Investing, Stock Market.
Paper money eventually returns to its intrinsic value: zero.
- Voltaire - Topics: Inflation, Fiat Currency.
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