A Quote by Henry Hazlitt

Diluting the money supply with paper is the moral equivalent of diluting the milk supply with water.

Henry Hazlitt

Quote Topics

Equivalent Milk Money Moral Paper Supply Water

Quote Author

Henry Hazlitt
American - Philosopher
November 28, 1894 - July 9, 1993

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.

William E. Rees

Nothing good can come from the Federal Reserve. It is the biggest taxer of them all. Diluting the value of the dollar by increasing its supply is a vicious, sinister tax on the poor and middle class.

Ron Paul

Is it any more moral to dilute the value of the purchasing power of the money you hold in your wallet than it is for the farmer to dilute the milk supply with water?

Ron Paul

If government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.

Murray Rothbard

We have to be careful that we don't keep multiplying disorders and diluting them. I think there is a difference. People talk about Asperger's as high-functioning autism, which I think it is. But it does have some of its own characteristics, like the preservation of language, particularly, which may be right brain dysfunction instead of left brain dysfunction, and we lose something in that, as things lose their specificity, and we keep diluting things. I'm not sure that's helpful.

Darold Treffert

For any collaboration to work, each partner must have a strong sense of identity. If one overpowers the other, it's like mixing lemonade with water - you wind up diluting the brew.

Neil Blumenthal

By tying minimum wage to money supply, the poor's income would rise and fall with the rise and fall in money supply.

Max Keiser

Socialised humanity represses nature and degrades human nature; it takes life and waters it down - probably to control it - diluting existence with water that is lukewarm, sweet and murky.

Michael Leunig

The procedure has a strange Alice-in-Wonderland quality. The reservoir was created as a public water supply, yet the community, probably unconsulted about the sportsmen's project, is forced either to drink water containing poisonous residues or to pay our tax money for treatment of the water to remove the poisons - treatments that are by no means foolproof.

Rachel Carson

We're just going to go straight beer. No sense in diluting it.

Robert Gibbs

You want supply to always be full, and you use price to basically either bring more supply on or get more supply off, or get more demand in the system or get some demand out.

Travis Kalanick

Supply yourself with a mental equivalent, and the thing must come to you.

Emmet Fox

the supply of the milk of human kindness was short by several gallons

P. G. Wodehouse

I think oil prices are down for two reasons. One is, there is a lot of supply. There is a lot of supply because the U.S. now produces a lot of oil and there is a lot of supply because the Saudis seem to want to produce a lot of oil, maybe to punish the Iranians and the Russians.

David Wessel

By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.