Tuesday, June 8, 2010

Sounds Vaguely Familiar

"Everyone loves an early inflation. The effects at the beginning of inflation are all good. There is steepened money expansion, rising government spending, increased government deficits, booming stock markets, and spectacular general prosperity, all in midst of temporarily stable prices. Everyone benefits, and no one pays. That is the early part of the cycle. In the later inflation, on the other hand, the effects are all bad. The government may steadily increase the money inflation in order to stave off the latter effects, ineffectiveness of all traditional remedies. Everyone pays and no one benefits. That is the full cycle of every inflation.

- Jen O. Parsson, Dying of Money: Lessons of the Great German and American Inflations (1974)

24 comments:

  1. 一個人的價值,應該看他貢獻了什麼,而不是他取得了什麼..................................................

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  2. 向著星球長驅直進的人,反比踟躕在峽路上的人,更容易達到目的。............................................................

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  3. 生存乃是不斷地在內心與靈魂交戰;寫作是坐著審判自己。. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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  4. 卡爾.桑得柏:「除非先有夢,否則一切皆不成。」共勉!............................................................

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  5. 在莫非定律中有項笨蛋定律:「一個組織中的笨蛋,恆大於等於三分之二。」............................................................

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