Just some friction in The Machine

Wednesday, July 08, 2009

Read a great quote this evening in the forward to the 1914 book FIAT MONEY INFLATION IN FRANCE . Seems to be as relevant today as it was a century ago.

  • Legislatures are as powerless to abrogate moral and economic laws as they are to abrogate physical laws. They cannot convert wrong into right nor divorce effect from cause, either by parliamentary majorities, or by unity of supporting public opinion.