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— Ludwig von Mises"All present-day governments are fanatically committed to an easy money policy."
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The refusal to be committed and the attitude of indifference can in fact never be neutral.
— John Bertram Phillips
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An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks.
— Warren Buffett
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