Green Time

Wednesday, March 30, 2011

War and Inflation

"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists."

 - Ernest Hemingway




"The history of fiat money is little more than a register of monetary follies and inflations. Our present age merely affords another entry in this dismal register."

Hans F. Sennholz


I must follow the people. Am I not their leader?"

Benjamin Disraeli,  19th century British Prime Minister.


"When paper money systems begin to crack at the seams, the run to gold could be explosive."

Harry Browne


"Gold would have value if for no other reason than that it enables a citizen to fashion his financial escape from the state."

William F. Rickenbacker



"Gold bears the confidence of the world's millions, who value it far above the promises of politicians, far above the unbacked paper issued by governments as money substitutes. It has been that way through all recorded history. There is no reason to believe it will lose the confidence of people in the future."

Oakley R. Bramble