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Government is the only institution that can take a valuable commod

Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink. – Ludwig von Mises

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Other Quotes from
Inflation
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The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. – John Maynard Keynes

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Inflation

Inflation is the one form of taxation that can be imposed without legislation. – Milton Friedman

Category:
Inflation

Remember when $25, 000 was a success? Now it is a garbage collector. – Frank Dane

Category:
Inflation

I wasnt affected by inflation, I had nothing to inflate. – Gerald Barzan

Category:
Inflation

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Man as an individual is a genius. But men in the mass form the headless monster, a great, brutish idiot that goes where prodded. – Charlie Chaplin

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Cowardice… is almost always simply a lack of ability to suspend functioning of the imagination. – Ernest Hemingway

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You say grace before meals. All right. But I say grace before the concert and the opera, and grace before the play and pantomime, and grace before I open a book, and grace before sketching, painting, swimming, fencing, boxing, walking, playing, dancing and grace before I dip the pen in the ink. – G.K. Chesterton

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