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"The monetary managers are fond of telling us that they have substituted 'responsible money management' for the gold standard. But there is no historic record of responsible paper money management ... The record taken as a whole is one of hyperinflation, devaluation and monetary chaos."
 By: | Henry Hazlitt (more quotes by Henry Hazlitt or books by/about Henry Hazlitt) |
| (1894-1993) American journalist specializing in business and economics |
Categories: | Economics, Inflation, Money |
Rating: |   |