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When she was dear to us we did hold her so;
But now her price is fallen. William Shakespeare, The History of King Lear I i 186-187, Lear
Here at the Prices Committee we fix the price of everything. A total of 25 million items comes under our scrutiny. Sergei Mikhailovich Ulanov, Head of Organisation & Methology of Price Creation, USSR State Committee on Prices
What Price Glory? Maxwell Anderson & Lawrence Stallings, title of play
What price would you pay? The Third Man 1949 starring Orson Welles & Trevor Howard & Joseph Cotten & Alida Valli & Bernard Lee & Wilfrid Hyde-White & Erich Ponto & Ernst Deutsch & Robert Brown et al, director Carol Reed, Martins
Who said anything about volunteering? We can haggle over price later. (Star Trek: Deep Space Nine & Price) Star Trek: Deep Space Nine s1e5: Babel, Quark
98th Rule of Acquisition – every man has his price. Star Trek: Deep Space Nine s6e19: In the Pale Moonlight, Quark to Sisko
Price is what you pay. Value is what you get. Warren Buffett
A man who knows the price of everything and the value of nothing. Oscar Wilde, Lady Windermere’s Fan
Prices play a crucial role in determining how much of each resource gets used where and how the resulting products get transferred to millions of people. Yet this role is seldom understood by the public and it is often disregarded entirely by politicians. Thomas Sowell, Basic Economics
Every man has his price, right? All men can be bought. And the incorruptible man has the highest price of all. Boys From the Black Stuff: Moonlighter, thief to Dixie, BBC 1982
Do you think it was worth the price? The Great Escape 1963 starring Steve McQueen & James Garner & Richard Attenborough & James Donald & Charles Bronson & Donald Pleasence & James Coburn & Hannes Messemer & David McCallum & Gordon Jackson & John Leyton & Angus Lennie & Nigel Stock et al, director John Sturgess, Hendley
Transitioning from an inflationary world to a deflationary world – people should be scared. There is going to be disruption and that disruption is coming no matter what. There is nothing fundamental that governments can do to stop the rate of technology progress. Jeff Booth, interview The Keiser Report August 2020, author The Price of Tomorrow: Why Deflation is the Key to an Abundant Future
You have technology moving at an exponential pace driving prices down, and governments all around the world [are] caught in an inflationary trap that they created themselves out of monetary policy, fighting that force. And I would ask a simple question – isn’t it good when the value of your money goes up, and prices go down? ibid.
The abundance of technology would be broadly distributed. ibid.
It’s not going to go on for ever no matter what … It doesn’t matter until it does. One giant thing they miss that this is they assume a reserve currency goes on for ever, right, and you can just keep printing and people just trust in your currency. ibid.
What if a country, let’s say China, created a currency and decided to keep on printing for ever, and they used the currency and they used it to buy the world? … Would we trust that currency? ibid.
And so you can see from that thought experiment that if you just keep on printing money, people lose faith in your currency, and so you don’t have a reserve currency any more. So there’s a whole bunch of people like I think are like brainwashed in this ‘debt doesn’t matter’, that this can go on for ever. And it’s going to happen gradually … There is nothing that can stop this. We are going to have deflation for sure. Structurally, technology requires it. The path to get to deflation could end up through hyper-inflation first – currency default, debt default – it could happen a whole bunch of different ways but we are going to have deflation anyhow. ibid.
The concentration of wealth because you’re fighting a natural force – Capitalism can’t work, right, so effectively the Government is the market today. Free market principles don’t work any more. ibid.
Deflation we’ve never seen in our lifetimes. What if next year everything around you got cheaper? All it does is increase the value of your savings, and decrease the value of your assets. ibid.
Why do you think the top five technology companies are at historic heights? ibid.
Everybody knows it. ibid.
More band-aids on a systematic, a structural, change that has to take place. And so what they’re really trying to stop is a revolution, right, but they’re making the revolution more likely. ibid.
Further up the producer price pipeland, inflation rages at over 20%, heading for consumers: massive price increases now building up in the pipeline. wolfstreet online article Wolf Richter, cited Keiser Report November 2021
Do you know how much food is going up by? Warnings from British farmers. Cost increases leaving businesses in a battle to survive. And the rising cost of Fish-n-Chips. Tonight: Price Rises: The Secrets of Your Shopping Bill, BBC 2022