Character: on behalf of the author. Page 3

A market economy, the material basis of which is formed by large-scale industrial production, is losing the ability to self-regulate.

Since economic consciousness lags behind real changes, the movement of economic thought inevitably becomes an expression of a periodically arising theoretical crisis.

I had to live many more years - too many, I think - ashamed of what I wrote. It seems that only when I was forty [years old] did I realize that almost every author of fiction who published at least a line in his life was accused by someone of wasting his God-given talent on nonsense. If you write (books, or paintings, or sculpt, or sing - it doesn’t matter), someone will definitely try to instill in you a feeling of shame for it. I'm not philosophizing - I'm just stating a fact.

Gould said something else that was interesting to me on the day of my first two notes: write with the door closed, rewrite with the door open. Your writing begins for yourself, in other words, but then it goes out into the world. When you understand what a thing is and do it right - at least as best you can - it belongs to everyone who wants to read it. Or criticize. If you are very lucky (this is my idea, but I think John Gould would have subscribed to it), there will be more of the former than the latter.

Let's clear something up right now, okay? There is no Landfill of Ideas, no Central Repository, no Island of Lost Bestsellers. Good story ideas literally come out of nowhere, falling straight out of the blue: two completely separate thoughts mesh together and something new emerges under the sun. Your job is not to look for these ideas, but to recognize them when they appear.

A controlled amount of money supply is the best inflation measure.

Inflation is an increase in the general price level. The general rise in prices is combined with uneven, multidirectional movements in prices for different goods.

Cash has the property of immediate, direct exchange for any other asset with zero exchange costs. Cash is a completely liquid asset.

If gold money performed many functions, then paper money could only perform one function - means

Three centuries ago, substitutes for gold appeared in the form of paper money. And throughout this period, paper money truly represented gold, freely exchanging for it. And only in the 70s. XX century a grandiose, inevitable event occurred - money broke its connection with gold, the economy entered the era of paper

For a very long time, money was made of noble metals (gold and silver), which nature, as if specially created for this role. The physical properties of precious metals (homogeneity, strength, intrinsic value) ideally met the requirements for a monetary commodity. But, as soon as gold established itself in the role of money, it turned out that it did not necessarily have to participate in circulation, but could be replaced by any of its representatives.

For almost all of economic history, money has been a commodity.

Every product is a product, but not every product can become a product - for this it must be purchased.

Although economic growth, by increasing the wealth of the country as a whole, expands its capabilities in solving social problems, it is not always accompanied by corresponding progress in the field of human development, but rather, on the contrary, is carried out with increasing economic inequality, infringement of democracy, and destruction of the environment.