Joseph Schumpeter Quotes

If anything had or could have a value equal to gold and silver, it would require no tender law; and if it had not that value it ought not to have such a law; and, therefore, all tender laws are tyrannical and unjust and calculated to support fraud and oppression.

This damned ranting about doom. Is that food for the minds of modern people? Do they really expect us to take them seriously?

Gold is money. Everything else is credit.

The obsession with gold, actually and politically, occurs among those who regard economics as a branch of morality. Gold is solid, gold is durable, gold is rare, gold is even (in certain very peculiar circumstances) convertible. To believe in thrift, solidity and soundness is to believe in some way in the properties of gold.

To a modern mind, it is difficult to feel enthusiastic about a virtuous life if nothing is going to be achieved by it.

The riches of a country are to be valued by the quantity of labor its inhabitants are able to purchase, and not by the quantity of silver and gold they possess; which will purchase more or less labor, and therefore is more or less valuable, as is said before, according to its scarcity or plenty.

All I know is gold and platinum, and I want to be platinum.

There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be shaped into ingots, bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence.

I also have in mind that seemingly wealthy, but most terribly impoverished class of all, who have accumulated dross, but know not how to use it, or get rid of it, and thus have forged their own golden or silver fetters.

Poverty hath slain a thousand, but riches have slain ten thousand. They are very uncertain, they promise that which they cannot perform, neither can they afford a contented mind.

Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value.

There is, as every schoolboy knows in this scientific age, a very close chemical relation between coal and diamonds. It is the reason, I believe, why some people allude to coal as "black diamonds." Both these commodities represent wealth; but coal is a much less portable form of property.

The universal regard for money is the one hopeful fact in our civilization. Money is the most important thing in the world. It represents health, strength, honor, generosity and beauty . . . . Not the least of its virtues is that it destroys basic people as certainly as it fortifies and dignifies noble people.

The trouble with asking questions is you sometimes get answers you don't wanna hear.

Man takes a great deal of pains to heap up riches, and they are but like heaps of manure in the furrows of the field, good for nothing unless they be spread.

Gold has at all times been considered the best of testimonies of good faith.

Mammon, the least erected spirit that fell >From heaven; for ev'n in heaven his looks and thoughts Were always downward bent, admiring more The riches of heaven's pavement, trodden gold, Than aught divine or holy else enjoy'd In vision beatific.

The rank is but the guinea's stamp, The man's the gowd for a' that.

The world is not so kind, people trap your mind.

All the dead bolts, pulled shades and hidden knives in the world couldn't protect you from the truth.

Gold! gold! gold! gold! Bright and yellow, hard and cold!

Even modern medical researchers have come to the conclusion that peace of mind is vital for good health.

Gold is the most precious of all commodities; gold constitutes treasure, and he who possesses it has all he needs in the world, as also the means of rescuing souls from purgatory, and restoring them to the enjoyment of paradise.

Mental happiness is more important than physical comfort. Physical comfort comes from the material. But material facilities cannot provide you with peace of mind.