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Adam Smith Quotes: The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.
         

The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.


Adam Smith
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Other quotes of Adam Smith


No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.

No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.



It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.

It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.



The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.

The first thing you have to know is yourself. A man who knows himself can step outside himself and watch his own reactions like an observer.



Mercy to the guilty is cruelty to the innocent.

Mercy to the guilty is cruelty to the innocent.



The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.

The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.



What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?

What can be added to the happiness of the man who is in health, who is out of debt, and has a clear conscience?



A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.

A nation is not made wealthy by the childish accumulation of shiny metals, but it enriched by the economic prosperity of it's people.



Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.

Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another.



On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.

On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.



People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.

People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices.





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The scent of rain on a sultry spring evening is always an indulgence.

The scent of rain on a sultry spring evening is always an indulgence.



Every cloud has a silver lining. The edge of light that shines brightest holds a sliver of hope for a bright today & an even better tomorrow.

Every cloud has a silver lining. The edge of light that shines brightest holds a sliver of hope for a bright today & an even better tomorrow.




If one is content to freely speak trash about another, it is probably more correct to judge them as the one of ill repute and refuse the load of garbage they offer you.

If one is content to freely speak trash about another, it is probably more correct to judge them as the one of ill repute and refuse the load of garbage they offer you.



In literary history generation follows generation in a rage.

In literary history generation follows generation in a rage.



To say I love you is to say that you are not mine, but rather your own.

To say I love you is to say that you are not mine, but rather your own.



Mail from home was so important when you were traveling. It kept you in touch with the familiar, even the part you were running from.

Mail from home was so important when you were traveling. It kept you in touch with the familiar, even the part you were running from.



Heaven open'd wide Her ever during gates, harmonious sound, On golden hinges moving.

Heaven open'd wide Her ever during gates, harmonious sound, On golden hinges moving.



The less a statesman amounts to, the more he loves the flag.

The less a statesman amounts to, the more he loves the flag.



The best thing about being on tour is meeting the fans.

The best thing about being on tour is meeting the fans.




Quote Description


This page presents the quote "The problem with fiat money is that it rewards the minority that can handle money, but fools the generation that has worked and saved money.". Author of this quote is Adam Smith. This quote is about money, fool, problem, minorities, saved, rewards, handle,.