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“It is impossible to say how far the present value of money depends on its monetary employment and how far on its industrial employment. When the institution of money was first established, the industrial basis of the value of the precious metals may have preponderated; but with progress in the monetary organization of economic life the monetary employment has become more and more important. It is certain that nowadays the value of gold is largely supported by its monetary employment, and that its demonetization would affect its price in an overwhelming fashion.”
Ludwig von Mises“For the first time in decades … For the first time in decades, India is experiencing a Revolution.For the first time in decades, there is status quo disruption.For the first time in decades, our Soldiers are receiving the reverence they must get.For the first time in decades, national interest matters more than personal interest.For the first time in decades, the strength of WE is more than self proclaimed VIP Few.For the first time in decades, corrupt politicians are worried about people standing in queueFor the first time in decades, let us try not to get brainwashed in inconvenience debate.For the first time in decades, let us not fall prey to tactics of bait.For the first time in decades, we are up in arms against dishonest coward.For the first time in decades, India is feeling empowered.For the first time in decades, we have an opportunity to rise above caste, creed and religion.For the first time in decades, we are hopeful for the bright future of next generation.”
Ketan Waghmare