A Quote by Edwin Lefevre
The big money in booms is always made first by the public - on paper. And it remains on paper.
Related Quotes
An attempt by the Mongols to introduce paper money in Persia in the twelfth and thirteenth centuries flopped because no one would accept it. The public had no confidence in the paper money despite the awesomely coercive decrees that always marked Mongol rule.
Plan your garden on paper. Mistakes made on paper won't cost you much in time or money.
When you look at the sheer volume of paper usage in the U.S. alone, it's truly frightening: paper towels, toilet paper, napkins, writing paper. Our consumption of trees is endless.
Experience, however, shows that neither a state nor a bank ever have [sic] had the unrestricted power of issuing paper money without abusing that power; in all states, therefore, the issue of paper money ought to be under some check and control; and none seems so proper for that purpose as that of subjecting the issuers of paper money to the obligation of paying their notes either in gold coin or bullion.
Apart from medieval China, which invented both paper and printing centuries before the West, the world had never seen government paper money until the colonial government of Massachusetts emitted a fiat paper issue in 1690.
What I've always wished I'd invented was paper underwear, even knowing that the idea never took off when they did come out with it. I still think it's a good idea, and I don't know why people resist it when they've accepted paper napkins and paper plates and paper curtains and paper towels-it would make more sense not to have to wash out underwear than not to have to wash out towels.
I can explain to you in detail just how a tree can be made into paper. But I've always wondered - and hoped - that someday, someone would help me discover how paper can be made back into a tree.
Gold is not less but more rational than paper money. Money holds value so long as it is in limited supply; gold will always be in limited supply, and would require real resources to produce even from the sea; paper and printing ink are not in limited supply. The gold system is much closer to a modern automatic scientific control system than the crude and relatively unstable system of paper.
Christmas always rustled. It rustled every time, mysteriously, with silver and gold paper, tissue paper and a rich abundance of shiny paper, decorating and hiding everything and giving a feeling of reckless extravagance.
Paper money is like dram-drinking, it relieves for a moment by deceitful sensation, but gradually diminishes the natural heat, and leaves the body worse than it found it. Were not this the case, and could money be made of paper at pleasure, every sovereign in Europe would be as rich as he pleased. But the truth is, that it is a bubble and the attempt vanity. Nature has provided the proper materials for money: gold and silver, and any attempt of ours to rival her is ridiculous.
Money never remains just coins and pieces of paper. Money can be translated into the beauty of living, a support in misfortune, an education, or future security.
More paper money cannot make a society richer, of course, – it is just more printed-paper. Otherwise, why is it that there are still poor countries and poor people around? But more money makes its monopolistic producer (the central bank) and its earliest recipients (the government and big, government-connected banks and their major clients) richer at the expense of making the money's late and latest receivers poorer.
Marijuana was made illegal because of William Randolph Hearst, the big newspaper guy. He owned thousands of acres of timberland and he didn't want hemp to be used for paper, he wanted to force everyone to buy his trees. And that's why he was the one that spearheaded making it illegal in Washington. Always follow the money, it's done for money purposes.
I like "Rock, Paper, Scissors Two-Thirds." You know. "Rock breaks scissors." "These scissors are bent. They're destroyed. I can't cut stuff. So I lose." "Scissors cuts paper." "These are strips. This is not even paper. It's gonna take me forever to put this back together." "Paper covers rock." "Rock is fine. No structural damage to rock. Rock can break through paper at any point. Just say the word. Paper sucks." There should be "Rock, Dynamite with a Cutable Wick, Scissors."
I met this cowboy with a brown paper hat, paper waistcoat and paper trousers. He was wanted for rustling.
We see only the script and not the paper on which the script is written. The paper is there, whether the script is on it or not. To those who look upon the script as real, you have to say that it is unreal - an illusion - since it rests upon the paper. The wise person looks upon both paper and script as one.
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