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Alderic, Knight of the Order of the City and the Assault, hereditary Guardian of the King's Peace of Mind, a man not unremembered among the makers of myth, pondered so long upon the Gibbelins' hoard that by now he deemed it his. Alas that I should say of so perilous a venture, undertaken at dead of night by a valorous man, that its motive was sheer avarice! Yet upon avarice only the Gibbelins relied to keep their larders full, and once in every hundred years sent spies into the cities of men to see how avarice did, and always the spies returned again to the tower saying that all was well. It may be thought that, as the years went on and men came by fearful ends on that tower's wall, fewer and fewer would come to the Gibbelins' table: but the Gibbelins found otherwise. ("The Hoard Of The Gibbelins") ↗
I think the inflation prospects for the U.S. over the next five or six, seven years, are quite serious. You cannot have a bumper crop in apples without the value or the price of each apple falling. The Fed has had the largest increase in the monetary base in the history of the U.S., from colonial times to the present, times ten. ↗
The minimum wage is the black teenage unemployment act. It is the guaranteed way of holding the poor, the minorities and the disenfranchised out of the mainstream is if you price their original services too high. ↗
What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money. ↗
If you believe in yourself and have dedication and pride - and never quit, you'll be a winner. The price of victory is high but so are the rewards. ↗
