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 QuigleyThe very idea that there is some kind of conflict between science and religion is completely mistaken. Science is a method for investigating experience... Religion is the fundamental, necessary internalization of our system of more permanent values.
Carroll QuigleyHitler's economic revolution in Germany had reduced financial considerations to a point where they played no role in economic or political decisions
Carroll QuigleyEven today few scientists and perhaps even fewer nonscientists realize that science is a method and nothing else.
Carroll Quigley