Maurice Allais - Notable Quotes

Notable Quotes

  • "In essence, the present creation of money, out of nothing by the banking system, is similar – I do not hesitate to say it in order to make people clearly realize what is at stake here – to the creation of money by counterfeiters, so rightly condemned by law."

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    Every notable advance in technique or organization has to be paid for, and in most cases the debit is more or less equivalent to the credit. Except of course when it’s more than equivalent, as it has been with universal education, for example, or wireless, or these damned aeroplanes. In which case, of course, your progress is a step backwards and downwards.
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