I have no idea what’s going on with these spins. But I keep doing them and if I look back, I think I’ve finished books that I’ve spun, but not necessarily on time. In any case, I’m making my way through my Classics Club list and that’s the point, right?
You have to choose (as a voter) between trusting the natural stability of gold and the honesty and intelligence of members of the government. And with due respect for these gentlemen, I advise you, as long as the capitalist system lasts, to vote for gold. ~ George Bernard Shaw
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Supply and Demand: Who will first reach that clump of grass?
The question, whether one generation of men has the right to bind another, seems never to have been started …. [I believe] no generation can contract debts greater than may be paid during the course of its own existence …. The conclusion then, is, that neither the representatives of a nation, nor the whole nation itself assembled, can validly engage debts beyond what they may pay in their own time. ~ Thomas Jefferson
During the 1970s and early 1980s, many western countries experienced double-digit inflation. Even Japan had double-digit inflation. Double-digit inflation means that each year prices are rising at 10% or more. So, for example, if a coffee cost $1.00, it would cost $1.10 the following year. Inflation this serious and far-reaching had not happened in the U.S. since the country had become a nation. However, we have an example from Roman times of where this type of inflation occurred and we can see the trouble it caused.
There is so much talk about money and inflation and recession in the world lately. These important topics affect our daily lives yet it seems that few people actually know how they work, including myself. So with a vague idea that inflation isn’t directly driven by what we’re being told in the news, I decided to learn more. What Ever Happened To Penny Candy by Richard J. Maybury is a simple yet highly educational book on economics that will assist you in your career, business, investments and money strategy. It will also give you tools so you don’t have to blindly rely on what others tell you. Forewarned is forearmed. I’ll be posting chapter by chapter and the first is: Money: Coins and Paper.