Famous Quotes from ...

Paul Kasriel



    In most periods throughout history, households were net suppliers of money to the economy, ... Today, by a record amount, they are net borrowers from the rest of the economy.

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    You can compare it to a corporation that issues stock and bonds and uses the money not for plant and equipment, but to throw a party for the employees.

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    All that's happening when I buy stock is that my money supply goes down, while the seller's money supply goes up,

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    OPEC doesn't suffer from money illusion. It decided they want an honest dollar for an honest barrel of oil.

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