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Jean Cocteau

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See your disappointments as good fortune. One plan's deflation is another's inflation.

 
Jean Cocteau

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Ambition has its disappointments to sour us, but never the good fortune to satisfy us.

 
Benjamin Franklin
 

The big, looming, monetary issue is "quantitative easing": that is, printing money. What happens is that the government borrows from the Bank of England, not from the markets. It expands the money supply to keep the economy going and also to counter deflation without simultaneously increasing government debt. The attractions are obvious, as are the dangers. The Robert Mugabe school of economics provides a salutary warning about uncontrolled monetary expansion in generating hyper-inflation. The road to Harare is not as long as we might hope. Monetary easing may prove to be necessary but will have to be managed with great skill and care: Too little easing and the crisis drags on as in Japan. If there is too much, the authorities face the messy task of mopping-up liquidity by issuing bonds which add to the burden of borrowing or else we lurch back from deflation to inflation. So interest rates may soon become yesterday's story.

 
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If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered.

 
Thomas Jefferson
 

A little humiliation and ego deflation, now and then, is good for apprentices. Mine sighed miserably.

 
Jim Butcher
 

If fortune makes a wicked man prosperous and a good man poor, there is no need to wonder. For the wicked regard wealth as everything, the good as nothing. And the good fortune of the bad cannot take away their badness, while virtue alone will be enough for the good.

 
Sallustius (or Sallust)
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