6 books
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2 voters
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Inflation is always and everywhere a monetary phenomenon.
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― Money Mischief: Episodes in Monetary History
― Money Mischief: Episodes in Monetary History
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Stafford’s Law of Irreversible Entropy states: A system that achieved a perfect champagne alignment in its own era cannot be shoehorned back in once the environment has evolved or degenerated beyond it. This is the Staffordian Duality; it is immaterial whether global prospects improved or deteriorated; it only matters that the metric mirror of the past no longer reflects the current modern sinkhole. The most overcrowded vessel is the one that sails on the golden sea of memories.
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