"Deficit financing proper is rather the process whereby a Government spends more money that it withdraws from the economy by taxation, borrowing, running down reserves, etc.; thereby causing in most circumstances, and very acutely in ours, monetary inflation and severe pressure on the balance of payments."

--

Source : Official Report of Proceedings of the Hong Kong Legislative Council (p. 249), March 29, 1967.

John James Cowperthwaite

#Running Quotes #Government Quotes #Balance Quotes

“When you reject the Creator, you worship the Creation (Ro 1:23).”
“I take conscious breaks for myself 'cause I like to rejuvenate and get my creative juices flowing. I also like to take my time with my creativity; I think it's important.”
“But by reading them again and again finally I was able to grasp the essential part. What emotion, enthusiasm, enlightenment and confidence they communicated to me! I wept for joy.”
“You get from the world what you give to the world.”
“Any page by Paul Goodman will give you not only originality and brilliance but wisdom, that is, something to think about. He is our peculiar, urban, twentieth-century Thoreau, the quintessential American mind of our time.”
“Better think while it's still legal.”

Source : FaceBook post by Erykah Badu from Jul 25, 2015
“When I see everyone doing the same thing, I want to do the opposite.”

Source : "Mike Ness of Social Distortion". Interview with Matt Schild, music.avclub.com. January 18, 2011.
“The quantum entered physics with a jolt. It didn't fit anywhere; it made no sense; it contradicted everything we thought we knew about nature. Yet the data seemed to demand it. ... The story of Werner Heisenberg and his science is the story of the desperate failures and ultimate triumphs of the small band of brilliant physicists who-during an incredibly intense period of struggle with the data, the theories, and each other during the 1920s-brought about a revolutionary new understanding of the atomic world known as quantum mechanics.”

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