Nothing illustrates the difference between quality and quantity more than fiat currency. You can have all the fake money in the world, but if it’s intrinsic value is zero then it’s not worth anything. Branson’s Five & Dime is also the quality to the currencies of fives and dimes.


On wealth: The way The Federal Reserve is printing dollars, it won’t be too long before I’m a millionaire. I’ll be so rich I’m poor, because that one million dollars that used to take a lifetime of work to earn will only buy me a cheeseburger. But not a double cheeseburger.