“When central banks print a lot of money to relieve a crisis, buy stocks, gold, and commodities because their value will rise and the value of paper money will fall.”

— Ray Dalio

" Principles for Dealing with the Changing World Order by Ray Dalio https://www.youtube.com/watch?v=xguam0TKMw8" (at 6m43s), Principles by Ray Dalio, 2 March 2022.

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Ray Dalio6

American businessman 1949

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“I have endeavoured to show that the ability to pay taxes depends, not on the gross money value of the mass of commodities, nor on the net money value of the revenue of capitalists and landlords, but on the money value of each man's revenue compared to the money value of the commodities which he usually consumes.”

David Ricardo (1772–1823) British political economist, broker and politician

Advertisement To The Third Edition, p. 3
The Principles of Political Economy and Taxation (1821) (Third Edition)

“To alter the money value of commodities, by altering the value of money, and yet to raise the same money amount by taxes, is then undoubtedly to increase the burthens of society.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter XXXII, Malthus on Rent, p. 288

“Money is different from all other commodities: other things being equal, more shoes, or more discoveries of oil or copper benefit society, since they help alleviate natural scarcity. But once a commodity is established as a money on the market, no more money at all is needed. Since the only use of money is for exchange and reckoning, more dollars or pounds or marks in circulation cannot confer a social benefit: they will simply dilute the exchange value of every existing dollar or pound or mark. So it is a great boon that gold or silver are scarce and are costly to increase in supply.
But if government manages to establish paper tickets or bank credit as money, as equivalent to gold grams or ounces, then the government, as dominant money-supplier, becomes free to create money costlessly and at will. As a result, this 'inflation' of the money supply destroys the value of the dollar or pound, drives up prices, cripples economic calculation, and hobbles and seriously damages the workings of the market economy.”

Murray N. Rothbard (1926–1995) American economist of the Austrian School, libertarian political theorist, and historian

"Taking Money Back" http://mises.org/story/2882, in The Freeman (September - October 1995) http://www.fee.org/publications/the-freeman/.

“Neither machines, nor the commodities made by them, rise in real value, but all commodities made by machines fall, and fall in proportion to their durability.”

David Ricardo (1772–1823) British political economist, broker and politician

Source: The Principles of Political Economy and Taxation (1821) (Third Edition), Chapter I, Section V, On Value, p. 26

“Sometimes I think our central bank will keep printing money till we run out of trees.”

Jim Rogers (1942) American writer

The Downward Spiral http://www.jimrogers.com/content/stories/articles/THE_DOWNWARD_SPIRAL.htm

“Gold is now money with reference to all other commodities only because it was previously, with reference to them, a simple commodity.”

Karl Marx (1818–1883) German philosopher, economist, sociologist, journalist and revolutionary socialist

Vol. I, Ch. 1, Section 3, pg. 81.
(Buch I) (1867)

“There is a value called “mind” as there is a value oil, wheat, or gold. … One can invest in that value, one can “follow” it as they say on the stock exchange; one can watch its fluctuations in I know not what price list which is the world’s general opinion of it. … All these rising and falling values constitute the great market of human affairs. And of these the unfortunate value mind does not stop falling.”

Paul Valéry (1871–1945) French poet, essayist, and philosopher

Source: Regards sur le monde actuel [Reflections on the World Today] (1931), p. 161

“[Credit] is an evidence of banking, but it is not the money itself. Money is gold, and nothing else.”

J. P. Morgan (1837–1913) American financier, banker, philanthropist and art collector

Testimony to the Pujo Committee (1912)

“Nor can private counterparties restrict supplies of gold, another commodity whose derivatives are often traded over-the-counter, where central banks stand ready to lease gold in increasing quantities should the price rise.”

Alan Greenspan (1926) 13th Chairman of the Federal Reserve in the United States

Testimony Before the Committee on Banking and Financial Services, U.S. House of Representatives July 24, 1998 http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm. <br class="br">1990s

“Buying the necessary or the important is not synonymous with avarice, but with knowing how to give the right value to money.”

Prevale (1983) Italian DJ and producer

Original: (it) Acquistare il necessario o l'importante non è sinonimo di avarizia, ma di saper dare il giusto valore al denaro.
Source: prevale.net

“When central banks print a lot of money to relieve a crisis, buy stocks, gold, and commodities because their value will rise and the value of paper money will fall.”

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Ray Dalio6

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