Posts Tagged ‘real’

“Money is more than ‘just money’. It’s a way of keeping score and staying honest. When we spend money, we make choices. We accept trade-offs, taking real time and resources that could have been used elsewhere. And we have to ask – is it worth it?” -Bill Bonner

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“Economics deals with the real actions of real men. Its [laws] refer neither to ideal nor to perfect men, neither to the phantom of a fabulous economic man (homoeconomicus) nor to the statistical notion of an average man. . . . Man with all his weaknesses and limitations, every man as he lives and acts, is the subject matter of [economics].”
—Ludwig von Mises

“We must make the choices that enable us to fulfill the deepest capacities of our real selves.” -Thomas Merton

"Real economic progress is made by willing participants with skin in the game 
doing win-win trades with real money." -Bill Bonner

“The real underlying cause of our wealth and income disparity in America is that wages are no longer connected to gains in productivity.” -Porter Stansberry

Great Man

Posted: January 24, 2018 in Thought for the Day
Tags: , , , ,

“There is a great man who makes every man feel small. But the real great man makes every man feel great.” -G.K. Chesterton

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“Here’s a chart based on research from the Economic Policy Institute that describes the problem. As you can see, productivity in this country grew nearly 250% between 1948 and 2014, but median wages only grew 109%…You’ll also notice that the divergence begins around 1971… the year President Nixon removed the U.S. dollar from gold.

Why? Because paper money doesn’t transmit gains in productivity like real, sound money should.

In short, when the dollar was unlinked from gold, the government was granted the ability to create unlimited amounts of new money. But this money doesn’t flow to everyone equally. It is created in the banks, and then works its way through the financial system before eventually trickling down through the real economy. The result is that asset and consumer prices have risen far faster than wages.” -Justin Brill