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 QuigleyCapitalism might be defined, if we wish to be scientific, as a form of economic organization motivated by the pursuit of profit within a price structure.
Carroll QuigleyIt is not easy to tear any event out of the context of the universe in which it occurred without detaching from it some factor that influenced it.
Carroll QuigleyOne of the chief reasons for the widespread fear of the Huns rested on their ability to travel very long distances in relatively short periods. This ability may well have been based on their use of horseshoes.
Carroll Quigley