Posts Tagged ‘goods’
Charlie Munger: Inflation Silly Needs
on Wednesday, November 30, 2022Meaning of Charlie Munger Money Quote: saying a defense against inflation is not needing material silly stuff in your life. Charlie Munger said:
“One of the great defenses if you’re worried about inflation is not to have a lot of silly needs in your life – you don’t need a lot of material goods” — Charlie Munger
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Ron Insana: Panflation Price Hikes
on Thursday, October 14, 2021Ron Insana Money Quote saying that price increases are being caused by the pandemic due to the disruption and distortion of markets. Ron Insana said:
“We have solid growth and ‘panflation,’ price hikes that are induced by a global pandemic that has disrupted supply chains around the world, greatly distorted global labor markets amid uneven demand for specific goods and services” — Ron Insana
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Michel Eyquem de Montaigne: Mind Poverty
on Tuesday, June 9, 2020Michel Eyquem de Montaigne Money Quote saying lack of ideas or vision are worse than lack of money. Michel Eyquem de Montaigne said:
“Poverty of goods is easily cured; poverty of the mind is irreparable” — Michel Eyquem de Montaigne
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Basil of Caesarea: Rich Right of Preemption
on Sunday, July 17, 2016Basil of Caesarea Money Quote saying the rich take what they wish a claim they own it simply because they have possession. Basil of Caesarea said:
“This is what the rich do. They seize common goods before others have the opportunity, then claim them as their own by right of preemption” — Basil of Caesarea
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Ayn Rand: Producing Goods
on Monday, June 13, 2011Ayn Rand Money Quotation saying cash represents energy and effort expended to produce value by those committed to that end, to being useful. Ayn Rand said:
“Money is a tool of exchange, which can’t exist unless there are goods produced and men able to produce them” — Ayn Rand
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Ludwig von Mises: Economic War Boom
on Saturday, February 5, 2011Ludwig von Mises Money Quotation saying prosperity from war comes at the expense of the destruction of property and lives of battleground countries. Ludwig von Mises said:
“War can really cause no economic boom, at least not directly, since an increase in wealth never does result from destruction of goods” — Ludwig von Mises
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