Henry Hazlitt Quote

"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 (1894-1993) American journalist specializing in business and economics
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Categories:	Economics, Inflation, Money
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"responsible money management" = theft on a massive scale. 5 stars for accuracy  -- J Carlton, Calgary
Gold, precious metals and gemstones are real: as a means of accumulating wealth, saving, paying for goods and services, and transfering wealth to future generations. Fiat or paper money is not real, it's a human invention, a mirage, an illusion, a game of smoke and mirrors, a cycle of perpetual destruction. This will never change.  -- Carol Dorrough, Estero, Florida
-- Mary - MI
Carol is, unfortunately, correct.  -- jim k, Austin, Tx
-- Joseph C Murray, Mobile
A very accurate synopsis. The current Bidonomics is just another twist in paper’s degradation.  -- Mike, Norwalk
Trial and error. The fledgling offspring needs experience  to refine its way.    -- Fredrick William Sillik, Anytown

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