Quote by Will Durant

Bankers know that history is inflationary and that money is the last thing a wise man will hoard.

Bankers know that history is inflationary and that money is

Summary

This quote suggests that bankers are aware of the concept that over time, value will decrease due to inflation. It emphasizes the belief that money is not something that a wise person would hoard because its value tends to diminish over the course of history. Instead, the quote implies that being financially intelligent involves finding alternative ways to preserve and grow wealth beyond simply accumulating money.

Topics

Inflation

By Will Durant

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