Charles Stevenson: Gold Value Above Money

Charles Stevenson Money Quotation saying gold holds the value that money represents and isn’t affected by the minting of paper money. Charles Stevenson said:
 

 

“Gold is a money that governments don’t print. It’s a way to hold value when there is nothing to invest in because it stores value the way money is supposed to” — Charles Stevenson

This quote is suggesting that gold has value as a store of wealth when traditional investments may not be worthwhile or reliable. It argues that gold functions similarly to how money is intended to work – as a stable store of value even during times of economic uncertainty or lack of good investment opportunities.

The quote implies that when governments print too much fiat currency, inflation can reduce the purchasing power of that money over time. However, gold maintains its value independently since it is a commodity that is scarce and has intrinsic value as a precious metal.

So according to the quote, gold serves as a type of “money” that retains purchasing power when other assets may not due to lack of stability in currency values or lack of trust in traditional investments.

Birthday: February 20, 1826 – September 21, 1890

Benjamin Franklin: Tax of Idleness

Benjamin Franklin Money Quote counsels that laziness and self-importance tax those afflicted much more than government taxation might take from the earnings of humble hard workers.
 

 

“Idleness and pride tax with a heavier hand than kings and governments” — Benjamin Franklin
 

In this quote, Benjamin Franklin is comparing the negative impacts of idleness and pride to the burdens imposed by kings and governments through taxation. His view is that being idle (lazy) or excessively proud carries greater costs than official taxes. Franklin appears to mean that idleness can waste valuable time and opportunities, while pride can breed arrogance, resentment and conflict – all of which extract a heavy toll.

Overall, the interpretation is that Franklin believed vices like laziness and vanity have the effect of an onerous tax by reducing well-being and productivity more so than monetary impositions by rulers. His message reinforces the importance of virtues like diligence and humility according to his moral philosophy.

Birthday: January 17, 1706 – Death: April 17, 1790

John Maynard Keynes: Inflationary Measures

John Maynard Keynes Money Quotation blames government for preventing the citizenry from becoming or remaining wealthy by encouraging inflationary measures.
 

 

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens” — John Maynard Keynes

John Maynard Keynes is highlighting how inflation can effectively function as a hidden tax on citizens imposed by governments. The quote suggests that by continually allowing prices to rise through monetary policies that fuel inflation, governments are able to secretly and indirectly seize or “confiscate” a portion of the real value of citizens’ wealth over time.

Even as nominal assets like savings remain the same on paper, their purchasing power declines due to the covert tax of inflation. Keynes sees inflation as a means for governments to covertly take an “important part” of what citizens have earned and accumulated without generating much public opposition compared to explicit taxation.

The overall interpretation is that Keynes viewed inflation as giving governments a surreptitious way to levy a tax on wealth.

Birthday: June 5, 1883 – Death: April 21, 1946