The Ascent of Money: A Financial History of the World Quotes.

1. "The ascent of money has been essential to the ascent of man."
- Niall Ferguson, The Ascent of Money: A Financial History of the World

2. "there really is no such thing as ‘the future’, singular. There are only multiple, unforeseeable futures, which will never lose their capacity to take us by surprise."
- Niall Ferguson, The Ascent of Money: A Financial History of the World

3. "perennial truths of financial history. Sooner or later every bubble bursts. Sooner or later the bearish sellers outnumber the bullish buyers. Sooner or later greed turns to fear."
- Niall Ferguson, The Ascent of Money: A Financial History of the World

4. "Large numbers of under-capitalized banks were a recipe for financial instability, and panics were a regular feature of American economic life - most spectacularly in the Great Depression, when a major banking crisis was exacerbated rather than mitigated by a monetary authority that had been operational for little more than fifteen years."
- Niall Ferguson, The Ascent of Money: A Financial History of the World

5. "Although the court recognizes his right to insist on his bond - to claim his pound of flesh - the law also prohibits him from shedding Antonio’s blood."
- Niall Ferguson, The Ascent of Money: A Financial History of the World

6. "The subprime butterfly had flapped its wings and triggered a global hurricane."
- Niall Ferguson, The Ascent of Money: A Financial History of the World

7. "By discouraging saving and encouraging consumption, accelerating inflation had stimulated output and employment"
- Niall Ferguson, The Ascent of Money: A Financial History of the World

8. "and a spike in extreme meteorological events,"
- Niall Ferguson, The Ascent of Money: A Financial History of the World

9. "When bond prices fall, interest rates soar, with painful consequences for all borrowers."
- Niall Ferguson, The Ascent of Money: A Financial History of the World

10. "armed with an AK47 - a gift from Fidel Castro, the man he had sought to emulate. As the tanks rumbled towards him, Allende realized it was all over and, cornered in what was left of his quarters, shot himself."
- Niall Ferguson, The Ascent of Money: A Financial History of the World

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