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 QuigleyThis persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation.
Carroll QuigleyThe failure of Christianity in the areas west from Sicily was even greater, and was increased by the spread of Arab outlooks and influence to that area, and especially to Spain.
Carroll QuigleyIt is this power structure which the Radical Right in the United States has been attacking for years in the belief that they are attacking the Communists.
Carroll QuigleyWestern civilization presents one of the most difficult tasks for historical analysis, because it is not yet finished, because we are a part of it and lack perspective, and because it presents considerable variation from our pattern of historical change.
Carroll Quigley