11
" But there are nevertheless three conclusions that seem to follow from our critical examination of the possibilities of inflationary policy. In the first place, all the aims of inflationism can be secured by other sorts of intervention in economic affairs, and secured better, and without undesirable incidental effects. If it is desired to relieve debtors, moratoria may be declared or the obligation to repay loans may be removed altogether; if it is desired to encourage exportation, export premiums may be granted; if it is desired to render importation more difficult, simple prohibition may be resorted to, or import duties levied. All these measures permit discrimination between classes of people, branches of production, and districts, and this is impossible for an inflationary policy. Inflation benefits all debtors, including the rich, and injures all creditors, including the poor; adjustment of the burden of debts by special legislation allows of differentiation. Inflation encourages the exportation of all commodities and hinders all importation; premiums, duties, and prohibitions can be employed discriminatorily. "
― Ludwig von Mises , The Theory of Money and Credit
14
" If you, one, loves something or someone, that means that one is willing to, and does, sacrifice for it. That is, one chooses to do and give what is better to the being or thing one loves than to sacrifice the loved one for the personal emotion that is unrelated to or even hinders the giving. In other words, the way to transform an emotion is with a deeper one. This involves discernment and, yes, discipline, which are both frowned upon and seen as emotionless and less important. Which is immaturity, plain and simple, and is the fundamental aspect of human growth from child to adolescence to adult. "
― Darrell Calkins , Re:
