Inflation, especially a slow steady rise in prices, encourages producers, because it means that they can commit themselves to costs of production on one price level and then, later, offer the finished product for sale at a somewhat higher price level. This situation encourages production because it gives confidence of an almost certain profit margin.
Carroll QuigleyEach central banksought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.
Carroll QuigleyThe basis of social relationships is reciprocity: if you cooperate with others, others will cooperate with you.
Carroll QuigleyThe instrument of expansion of Classical civilization was a social organization, slavery.
Carroll QuigleyThe traditional Christian attitude toward human personality was that human nature was essentially good and that it was formed and modified by social pressures and training.
Carroll Quigley