Like the winds that we come we know not whence and blow whither soever they list, the forces of society are derived from an obscure and distant origin. They arise before the date of philosophy, from the instincts, not the speculations of men.
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Nationality: Scottish Type: Philosopher Born: June 20, 1723 Death: February 22, 1816 |
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was too high a price to pay. No one would make those arguments today.