Top 70 Saifedean Ammous Quotes (2024 Update)
Page 2 of 2

Saifedean Ammous Quote: “Mandating laws against humans’ self-interested nature does not change human nature; it reduces the incentive to behave legally and so destroys society’s respect for laws.”

51. “Mandating laws against humans’ self-interested nature does not change human nature; it reduces the incentive to behave legally and so destroys society’s respect for laws.”

— Saifedean Ammous

Saifedean Ammous Quote: “History has shown that governments will inevitably succumb to the temptation of inflating the money supply.”

52. “History has shown that governments will inevitably succumb to the temptation of inflating the money supply.”

— Saifedean Ammous

Saifedean Ammous Quote: “Johnson asked a federal bureaucrat to concoct a fraudulent health scare around perfectly nutritious food for reasons that had nothing to do with science.”

53. “Johnson asked a federal bureaucrat to concoct a fraudulent health scare around perfectly nutritious food for reasons that had nothing to do with science.”

— Saifedean Ammous

Saifedean Ammous Quote: “Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties. In other words, Bitcoin automates the functions of a modern central bank and makes them predictable and virtually immutable by programming them into code decentralized among thousands of network members, none of whom can alter the code without the consent of the rest.”

54. “Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties. In other words, Bitcoin automates the functions of a modern central bank and makes them predictable and virtually immutable by programming them into code decentralized among thousands of network members, none of whom can alter the code without the consent of the rest.”

— Saifedean Ammous

Saifedean Ammous Quote: “The higher the ratio of the stock to the flow, the more likely a good is to maintain its value over time and thus be more salable across time.”

55. “The higher the ratio of the stock to the flow, the more likely a good is to maintain its value over time and thus be more salable across time.”

— Saifedean Ammous

56. “Gold’s virtual indestructibility, in particular, allowed humans to store value across generations, thus allowing us to develop a longer time horizon orientation. Initially, metals were bought and sold in terms of their weight,1 but over time, as metallurgy advanced, it became possible to mint them into uniform coins and brand them with their weight, making them far more salable by saving people from having to weigh and assess the metals every time.”

— Saifedean Ammous

Saifedean Ammous Quote: “The average savings rate of the seven largest advanced economies12 was 12.66% in 1970, but has dropped to 3.39% in 2015, a fall of almost three-quarters.”

57. “The average savings rate of the seven largest advanced economies12 was 12.66% in 1970, but has dropped to 3.39% in 2015, a fall of almost three-quarters.”

— Saifedean Ammous

Saifedean Ammous Quote: “Money that is deposited in a bank as savings is money taken away from consumption by people who are delaying the gratification that consumption could give them in order to gain more gratification in the future.”

58. “Money that is deposited in a bank as savings is money taken away from consumption by people who are delaying the gratification that consumption could give them in order to gain more gratification in the future.”

— Saifedean Ammous

Saifedean Ammous Quote: “When comparing different national currencies, we find that the major and most widely used national currencies have a lower annual increase in their supply than the less salable minor currencies.”

59. “When comparing different national currencies, we find that the major and most widely used national currencies have a lower annual increase in their supply than the less salable minor currencies.”

— Saifedean Ammous

Saifedean Ammous Quote: “Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard, and even when artifact money like seashells and beads lost its monetary role over time, it usually lost it slowly, with replacements taking over more and more of the purchasing power of the outgoing money.”

60. “Hyperinflation is a form of economic disaster unique to government money. There was never an example of hyperinflation with economies that operated a gold or silver standard, and even when artifact money like seashells and beads lost its monetary role over time, it usually lost it slowly, with replacements taking over more and more of the purchasing power of the outgoing money.”

— Saifedean Ammous

Saifedean Ammous Quote: “Sound money allows people to think about the long term and to save and invest more for the future. Saving and investing for the long run are the key to capital accumulation and the advance of human civilization. Money is the information and measurement system of an economy, and sound money is what allows trade, investment, and entrepreneurship to proceed on a solid basis, whereas unsound money throws these processes into disarray.”

61. “Sound money allows people to think about the long term and to save and invest more for the future. Saving and investing for the long run are the key to capital accumulation and the advance of human civilization. Money is the information and measurement system of an economy, and sound money is what allows trade, investment, and entrepreneurship to proceed on a solid basis, whereas unsound money throws these processes into disarray.”

— Saifedean Ammous

Saifedean Ammous Quote: “The operation of a market economy is dependent on prices, and prices, to be accurate, are dependent on a common medium of exchange, which reflects the relative scarcity of different goods. If this is easy money, the ability of its issuer to constantly increase its quantity will prevent it from accurately reflecting opportunity costs. Every unpredictable change in the quantity of money would distort its role as a measure of interpersonal value and a conduit for economic information.”

62. “The operation of a market economy is dependent on prices, and prices, to be accurate, are dependent on a common medium of exchange, which reflects the relative scarcity of different goods. If this is easy money, the ability of its issuer to constantly increase its quantity will prevent it from accurately reflecting opportunity costs. Every unpredictable change in the quantity of money would distort its role as a measure of interpersonal value and a conduit for economic information.”

— Saifedean Ammous

Saifedean Ammous Quote: “Sound money is also an essential element of a free society as it provides for an effective bulwark against despotic government.”

63. “Sound money is also an essential element of a free society as it provides for an effective bulwark against despotic government.”

— Saifedean Ammous

Saifedean Ammous Quote: “French economist Jacques Reuff coined the phrase “deficit without tears” to describe the new economic reality that the United States inhabited, where it could purchase whatever it wanted from the world and finance it through debt monetized by inflating the currency that the entire world used.”

64. “French economist Jacques Reuff coined the phrase “deficit without tears” to describe the new economic reality that the United States inhabited, where it could purchase whatever it wanted from the world and finance it through debt monetized by inflating the currency that the entire world used.”

— Saifedean Ammous

Saifedean Ammous Quote: “A sound money, on the other hand, makes service valuable to others the only avenue open for prosperity to anyone, thus concentrating society’s efforts on production, cooperation, capital accumulation, and trade.”

65. “A sound money, on the other hand, makes service valuable to others the only avenue open for prosperity to anyone, thus concentrating society’s efforts on production, cooperation, capital accumulation, and trade.”

— Saifedean Ammous

Saifedean Ammous Quote: “The better the money is at holding its value, the more it incentivizes people to delay consumption and instead dedicate resources for production in the future, leading to capital accumulation and improvement of living standards, while also engendering in people a low time preference in other, non-economic aspects of their life.”

66. “The better the money is at holding its value, the more it incentivizes people to delay consumption and instead dedicate resources for production in the future, leading to capital accumulation and improvement of living standards, while also engendering in people a low time preference in other, non-economic aspects of their life.”

— Saifedean Ammous

Saifedean Ammous Quote: “When the central bank manipulates the interest rate lower than the market clearing price by directing banks to create more money by lending, they are at once reducing the amount of savings available in society and increasing the quantity demanded by borrowers while also directing the borrowed capital toward projects which cannot be completed.”

67. “When the central bank manipulates the interest rate lower than the market clearing price by directing banks to create more money by lending, they are at once reducing the amount of savings available in society and increasing the quantity demanded by borrowers while also directing the borrowed capital toward projects which cannot be completed.”

— Saifedean Ammous

Saifedean Ammous Quote: “As H. L. Mencken put it: “Every election is an advanced auction on stolen goods.”

68. “As H. L. Mencken put it: “Every election is an advanced auction on stolen goods.”

— Saifedean Ammous

Saifedean Ammous Quote: “You do not get a job or funding in this system by producing important scholarship that is productive and useful to the real world, but by furthering the agenda of the funders.”

69. “You do not get a job or funding in this system by producing important scholarship that is productive and useful to the real world, but by furthering the agenda of the funders.”

— Saifedean Ammous

Saifedean Ammous Quote: “Carl Menger, the father of the Austrian school of economics and founder of marginal analysis in economics, came up with an understanding of the key property that leads to a good being adopted freely as money on the market, and that is salability – the ease with which a good can be sold on the market whenever its holder desires, with the least loss in its price.”

70. “Carl Menger, the father of the Austrian school of economics and founder of marginal analysis in economics, came up with an understanding of the key property that leads to a good being adopted freely as money on the market, and that is salability – the ease with which a good can be sold on the market whenever its holder desires, with the least loss in its price.”

— Saifedean Ammous

Motivational Quotes

Motivational Quotes

Inspirational Entrepreneurship Quotes

Inspirational Entrepreneurship Quotes

Positive Quotes

Positive Quotes

Albert Einstein Quotes

Albert Einstein Quotes

PREV 1 2 NEXT

Motivational Quotes

Motivational Quotes

INSPIRATIONAL SUCCESS MOTIVATIONAL

Inspirational Entrepreneurship Quotes

Inspirational Entrepreneurship Quotes

ENTREPRENEURSHIP BUSINESS INSPIRATIONAL

Positive Quotes

Positive Quotes

Albert Einstein Quotes

Albert Einstein Quotes

ENTREPRENEURSHIP BUSINESS INSPIRATIONAL

Steve Jobs Quotes

Steve Jobs Quotes

ENTREPRENEURSHIP BUSINESS APPLE

Inspirational Quotes

Inspirational Quotes

COURAGE MOTIVATIONAL STRENGTH

Swami Vivekananda Quotes

Swami Vivekananda Quotes

LIFE SPIRITUALITY

INSPIRATIONAL SUCCESS MOTIVATIONAL

Save image...
Permalink
Open in new tab
Copy quote text

Beautiful Wallpapers and Images

We hope you enjoyed our collection of 70 free pictures with Saifedean Ammous Quotes.

All of the images on this page were created with QuoteFancy Studio.

Use QuoteFancy Studio to create high-quality images for your desktop backgrounds, blog posts, presentations, social media, videos, posters and more.

Thank you!

Please check your email.