Mis-Inflation Quotes

“Where humans are acting in faithful obedience to God’s design for us as creative risk-takers and producers, we crush the inflation of too much money chasing too few goods, and the deflation of economic stagnation.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“I make it a habit of not fighting the bond market for the same reason I do not argue with my wife—I am not going to win, ever.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“Put another way, it would be better to be the kind of man who took risks in order to build, invest, and provide—in other words, to love—than to be the kind of man who hesitated with regard to everything because he was tangled up in fear and insecurity. Even if he turned out to be right about the gold, he would have been wrong about himself, which means that he wouldn’t be any good managing his store of gold through the zombie apocalypse. A lifetime of risk aversion would be no help at all during a zombie apocalypse, or so it would seem. And another man who—again for the sake of love—had thrown himself into the exigencies of life for the sake of his people, may have “lost money” as he did it, but he would be the kind of man you would want to have by your side while shotgunning zombies. Again, so to speak.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“And in a free economy, people don’t take risks (for the most part) because they are daredevils. They take risks because of who and what they love. Civilizations are built by men who have families to feed. And this means that no currency was ever corrupted unless the worldview of the people is corrupted first. No talent was ever buried in the ground unless the faithless steward entrusted with it was buried in the ground first. In other words, all the disasters of monetary policy we might be able to itemize, and there have been many, they all have a counterpart in the hearts of the people. And that is where the real trouble is.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“Money doesn’t do things. People do things. As von Mises has it in his title, economics is all about human action. Money simply measures the things that people do, and if we are going to be jealous about any resource, the thing we should be most jealous about is the greatest resource—which is the people who take risks. And this is why we should want to preach the kind of hot gospel that creates the kind of people who take those risks. The way we sometimes talk, it is as though we think the yard markers on the sidelines of the football game are capable of making first downs.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“So the issue is not really the money. The issue is what kind of person the investor is becoming. A risk averse person can easily think that it is also about the money, when it is actually all about him.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“wealth as the growth of goods and services that comes from knowledge, ideas, and risk.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“With regulation comes cronyism, always and forever.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“Currency doesn’t chase anything, people with currency chase things. Gold doesn’t horde itself, people with gold horde it. Printing presses don’t expand the currency, officials at the Fed make their decisions to expand the currency, and then go home to dinner. In other words, monetary policy, and the economic consequences of monetary policy, are personal. And when all these people are making their respective decisions, they are doing so out of the framework of a particular worldview.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth

“Believing in a pending big bang economic earthquake and thinking gold will somehow help in such a case is a sociological construction. Believing in and acting on the realities of enterprise and markets as a condition for human flourishing is a theological construction. I pick B.”
― David L. Bahnsen, Mis-Inflation: The Truth about Inflation, Pricing, and the Creation of Wealth