The old saying holds. Owe your banker $1000 and you are at his mercy; owe him $1 million and the position is reversed.
- John Maynard Keynes - Topics: Debt.
Just as the sound money policy of gold standard advocates went hand in hand with liberalism, free trade, capitalism and peace, so is inflationism part and parcel of imperialism, militarism, protectionism, statism and socialism.
- Ludwig von Mises - Topics: Liberalism, Inflation, Gold, Socialism.
Not to own any gold is to trust central bankers and that you don't want to do in your life.
- Marc Faber - Topics: Monetary Policy, Gold, Central Bank.
I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
- Friedrich A. Hayek - Topics: Inflation.
I made a killing in the stock market. My broker lost all my money, so I killed him.
- Jim Loy - Topics: Broker, Stock Market.
Economics is extremely useful as a form of employment for economists.
- John Kenneth Galbraith - Topics: Economist.
When the market deviates from your analysis, you have to cut losses without fuss or emotions.
- Alexander Elder - Topics: Money Management, Trader.
Experience, however, shows that neither a state nor a bank ever have had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.
- David Ricardo - Topics: Fiat Currency, Government.
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
- Warren Buffett - Topics: Stock Market, Investing.
If stock market experts were so expert, they would be buying stock, not selling advice.
- Norman R. Augustine - Topics: Stock Market.
The pockets change, the suckers change, the stocks change, but Wall Street never changes, because human nature never changes.
- Jesse Livermore - Topics: Wall Street, Stock Market.
I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something that they can't stop.
- Friedrich A. Hayek - Topics: Government, Cryptocurrency, Central Bank, Banking System.
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