Value Depreciation Quotes

A person that doesn't know their worth will never know yours. Therefore, the longer you hang onto hope that they will finally see your worth is the moment you start to depreciate in value.

Dark influences from the American past congregate among us still. If we are a democracy, what are we to make of the palpable elements of plutocracy, oligarchy, and mounting theocracy that rule our state? How do we address the self-inflicted catastrophes that devastated our natural environment? So large is our malaise that no single writer can encompass it. We have no Emerson or Whitman among us. An institutionalized counterculture condemns individuality as archaic and depreciates intellectual values, even in the universities. (The Anatomy of Influence)

Left untended, knowledge and skill, like all assets, depreciate in value—surprisingly quickly. —DAVID MAISTER, BUSINESS AUTHOR AND CONSULTANT

A couple of hundred dollars for a fishing pole!?¨ You'll hear that all the time if you don't keep your mouth shut in certain company. You can talk about the aesthetics and even mention a cane rod will appreciate in value while a new graphite rod will depreciate, but the best thing to do is turn around and say, ¨$9,000.00 for a car? I only paid $500.00 for mine.

Love has two affirmations. First of all, when the lover encounters the other, there is an immediate affirmation (psychologically: dazzlement, enthusiasm, exaltation, mad projection of a fulfilled future: I am devoured by desire, the impulse to be happy): I say yes to everything (blinding myself). There follows a long tunnel: my first yes is riddled by doubts, love’s value is ceaselessly threatened by depreciation: this is the moment of melancholy passion, the rising of resentment and oblation. Yet I can emerge from this tunnel; I can ‘surmount,’ without liquidating; what I have affirmed a first time, I can once again affirm, without repeating it, for then what I affirm is the affirmation, not its contingency. I affirm the first encounter in its difference, I desire its return, not its repetition. I say to the other (old or new): Let us begin again.

Sentences are made wonderfully one at a time. Who makes them. Nobody can make them because nobody can what ever they do see. All this makes sentences so clear I know how I like them. What is a sentence mostly what is a sentence. With them a sentence is with us about us all about us we will be willing with what a sentence is. A sentence is that they cannot be carefully there is a doubt about it. The great question is can you think a sentence. What is a sentence. He thought a sentence. Who calls him to come which he did. …What is a sentence. A sentence is a duplicate. An exact duplicate is depreciated. Why is a duplicated sentence not depreciated. Because it is a witness. No witnesses are without value.

I have spent my whole life trying to preserve a certain idea of myself, and that is all. You have to cling to a set of values that do not depreciate with time. Everything else is the fashion of the moment, fleeting, mutable. In a word, nonsense.

The depreciation of historical fact is deeply, and probably functionally, ingrained in the ideology of the scientific profession, the same profession that places the highest of all values upon factual details of other sorts.

You shouldn't succumb to the unacceptable standard or feel cowed by it and end up depreciating your own value. There are various ways to define good students, various ways to live a good life, and we all have a right to pursue our own answers.

Your value cannot depreciate because of people who do not appreciate you, but you lose value when you allow bad people to change you.

...the downside of contesting something everyone believes to be true is that the value of anything you say starts to depreciate

Friendship is an eternal relationship which never depreciate or deteriorate in value; but always increase and flourish in value.

Previous civilizations have been overthrown from without by the incursion of barbarian hordes. Christendom has dreamed up its own dissolution in the minds of its own intellectual elite. Our barbarians are home products, indoctrinated at the public expense, urged on by the media systematically stage by stage, dismantling Christendom, depreciating and deprecating all its values.

A connection could be drawn between the secular ascent of biblical values in today's world and the depreciation of beauty that characterizes it on so many levels. Beauty today is often depreciated as monotonous or denounced as a constraining norm, when it is simply reduced to a pure spectacle accompanied by a rehabilitation or even exaltation of deformity and ugliness, as can be seen in many areas. The degeneration of beauty and the promotion of ugliness, tied to the flowering of intellectualism, could be certainly be part of the Umwertung stigmatized by Nietzsche.

The present generation of Christians has suffered what I call the lost concept of majesty. This has come about by a slow decline, manifesting itself in our depreciation of ourselves. Those who hold a low value of man have a corresponding low value of God. After all, God created man in His own image. When we cease to understand the majestic nature of man, we cease to appreciate the majesty of God. How

We must make right this unequal distribution but we must do so without forgetting the immeasurable value of cultural exchange in what Hyde calls the gift economy. In reacting against the market economy, we have internalized market logic where culture is hoarded as if it’s a product that will depreciate in value if shared with others; where instead of decolonizing English, we are carving up English into hostile nation-states. The soul of innovation thrives on cross-cultural inspiration. If we are restricted to our lanes, culture will die.

In the 1954 Internal Revenue Code, a Republican Congress changed forty-year, straight-line depreciation for buildings to permit 'accelerated depreciation' of greenfield income-producing property in seven years. By enabling owners to depreciate or write off the value of a building in such a short time, the law created a gigantic hidden subsidy for the developers of cheap new commercial buildings located on strips. Accelerated depreciation not only encouraged poor construction, it also discouraged maintenance...After time, the result was abandonment.

The fact that Trump paid no tax came to light when casino regulators issued a public report on his fitness to own a casino. Trump’s tax returns showed negative income. That’s because Congress lets big real estate investors offset their income from salaries, stock market gains, consulting fees, and other income with losses from depreciation in the value of their buildings. If these paper losses for the declining value of their buildings are greater than their cash income from other sources, real estate investors can legally tell the IRS that their income is less than zero and no federal income tax is due. Trump

If I recognize only nat- uralistic values, and explain everything in physical terms, I shall depreciate, hinder, or even destroy the spiritual development of my patients. And if I hold exclusively to a spiritual interpretation, then I shall misunderstand and do violence to the nat- ural man in his right to exist as a physical being.

Despite the difficulties of my story, despite discomforts, doubts, despairs, despite impulses to be done with it, I unceasingly affirm love, within myself, as a value. Though I listen to all the arguments which the most divergent systems employ to demystify, to limit, to erase, in short, to depreciate love, I persist, "I know, I know, but all the same...

Then we may begin by assuming that there are three classes of men—lovers of wisdom, lovers of honour, lovers of gain? Exactly. And there are three kinds of pleasure, which are their several objects? Very true. Now, if you examine the three classes of men, and ask of them in turn which of their lives is pleasantest, each will be found praising his own and depreciating that of others: the money-maker will contrast the vanity of honour or of learning if they bring no money with the solid advantages of gold and silver? True, he said. And the lover of honour—what will be his opinion? Will he not think that the pleasure of riches is vulgar, while the pleasure of learning, if it brings no distinction, is all smoke and nonsense to him? Very true. And are we to suppose, I said, that the philosopher sets any value on other pleasures in comparison with the pleasure of knowing the truth, and in that pursuit abiding, ever learning, not so far indeed from the heaven of pleasure? Does he not call the other pleasures necessary, under the idea that if there were no necessity for them, he would rather not have them? There

Depreciation of money can benefit debtors only when it is unforeseen. If inflationary measures and a reduction of the value of money are expected, then those who lend money will demand higher interest in order to compensate their probable loss of capital, and those who seek loans will be prepared to pay the higher interest because they have a prospect of gaining on capital account.

Other inflationists realize very well that an increase in the quantity of money reduces the purchasing power of the monetary unit. But they endeavour to secure inflation none-the-less, because of its effect on the value of money; they want depreciation, because they want to favour debtors at the expense of creditors and because they want to encourage exportation and make importation difficult.

Truth to tell, I have a very high opinion of fantasy. To me, it is actually the maternal creative side of the masculine spirit. When all is said and done, we are never proof against fantasy. It is true that there are worthless, inadequate, morbid and unsatisfying fantasies whose sterile nature will be quickly recognized by every person endowed with common-sense; but this of course proves nothing against the value of creative imagination. All the works of man have their origin in creative fantasy. What right have we then to depreciate imagination? In the ordinary, course of things, fantasy does not easily go astray; it is too deep for that, and too closely bound up with the tap-root of human and animal instinct. In surprising ways it always rights itself again. The creative activity of the imagination frees man from his bondage to "nothing but" and liberates in him the spirit of play. As Schiller says, man is completely human only when he is playing.

Instead of linking an active life and an affirmative thinking, thought gives itself the task of judging life, opposing to it supposedly higher values, measuring it against these values, restricting and condemning it. And at the same time that thought thus becomes negative, life depreciates, ceases to be active, is reduced to its weakest forms, to sickly forms that are alone compatible with the so-caIled higher values. It is the triumph of "reaction" over active Iife and of negation over affirmative thought.

Or again, in a plethoric condition of the corn and wine market these fruits of the soil will be so depreciated in value that the particular husbandries cease to be remunerative, and many a farmer will give up his tillage of the soil and betake himself to the business of a merchant, or of a shopkeeper, to banking or money-lending. But the converse is the case in the working of silver; there the larger the quantity of ore discovered and the greater the amount of silver extracted, the greater the number of persons ready to engage in the operation.

That policy which aims at raising the objective exchange-value of money is called, after the most important means at its disposal, restrictionism or deflationism. This nomenclature does not really embrace all the policies that aim at an increase in the value of money. The aim of restrictionism may also be attained by not increasing the quantity of money when the demand for it increases, or by not increasing it enough. This method has quite often been adopted as a way of increasing the value of money in face of the problems of a depreciated credit-money standard.

He saw that inflation had originated with wartime shortages, which had led, in turn, to the waning value of money. Over time, the inflation had acquired a self-reinforcing momentum. Economic fundamentals alone could not account for this inflation, Hamilton noted, detecting a critical psychological factor at work. People were “governed more by passion and prejudice than by an enlightened sense of their interests,” he wrote. “The quantity of money in circulation is certainly a chief cause of its decline. But we find it is depreciated more than five times as much as it ought to be…. The excess is derived from opinion, a want of confidence.

When the value of money is increased, then those are enriched who at the time possess credit money or claims to credit money. Their enrichment must be paid for by debtors, among them the State (i.e., the tax-payers). Yet those who are enriched by the increase in the value of money are not the same as those who were injured by the depreciation of money in the course of the inflation; and those who must bear the cost of the policy of raising the value of money are not the same as those who benefited by its depreciation. To carry out a deflationary policy is not to do away with the consequences of inflation. You cannot make good an old breach of the law by committing a new one.

From a monetary competition perspective, keeping gold reserves is a perfectly rational decision. Keeping reserves in foreign governments' easy money only will cause the value of the country's currency to devalue along with the reserve currencies, while the seigniorage accrues to the issuer of the reserve currency, not the nation's central bank. Further, should central banks sell all their gold holdings (estimated at around 20% of global gold stockpiles), the most likely impact is that gold, being highly prized for its industrial and aesthetic uses, would be bought up very quickly with little depreciation of its price and the central banks would be left without any gold reserves.

Of course, there may be some cases in which an individual's concern with values is really a camouflage of hidden inner conflicts; but, if so, they represent the exceptions from the rule rather than the rule itself. In these cases we have actually to deal with pseudo values, and as such they have to be unmasked. Unmasking, however, should stop as soon as one is confronted with what is authentic and genuine in man, e.g., man's desire for a life that is as meaningful as possible. If it does not stop then, the only thing that the "unmasking psychologist" really unmasks is his own "hidden motive"—namely, his unconscious need to debase and depreciate what is genuine, what is genuinely human, in man.

Let us now leave the example of the isolated State and turn our attention to the international movements that arise from a fall in the value of money due to an increase in its amount. Here, again, the process is the same. There is no increase in the available stock of goods; only its distribution is altered. The country in which the new mines are situated and the countries that deal directly with it have their position bettered by the fact that they are still able to buy commodities from other countries at the old lower prices at a time when depreciation at home has already occurred. Those countries that are the last to be reached by the new stream of money are those which must ultimately bear the cost of the increased welfare of the other countries.

The necessity arising from a want of specie is represented as greater than it really is. I contend that it is by the substance, not the shadow of a thing, we are to be benefited. The wisdom of man, in my humble opinion, cannot at this time devise a plan by which the credit of paper money would be long supported; consequently, depreciation keeps pace with the quantity of the emission, and articles for which it is exchanged rise in a greater ratio than the sinking value of the money. Wherein, then, is the farmer, the planter, the artisan benefited? An evil equally great is the door it immediately opens for speculation, by which the least designing and perhaps most valuable part of the community are preyed upon by the more knowing and crafty speculators.

In the Classic of Mountain and Seas, an ancient “gazetteer” that takes its reader on a field seminar through unfamiliar lands, the calls of the curious animals and birds that are encountered are in fact their own names. They (like most things) cry out what they would be. And having access to the “name” of something is not only a claim to knowing it in a cognitive sense, but more importantly, to knowing how to deal with it. Naming is most importantly the responsiveness that attends familiarity. Hence such knowing is a feeling and a doing: it is value-added. It is naming without the kind of fixed reference that allows one to “master” something, a naming that does not arrest or control. It is a discriminating naming that in fact appreciates rather than depreciates a situation.

The definition of money as the sublime good--because it can be turned into all other goods--results in the depreciation of all values that do not pay. What is moral is what returns a profit and satisfies the judgment of the bottom line. Freedom comes to be defined, in practice if not in commencement speeches, as the freedom to exploit. This commercial reading of the text of human natures gives rise to a system that puts a premium on crime, encourages the placid acquiescence in the dishonest thought or deal, sustains the routine hypocrisy of politics and proclaims as inviolate the economic savagery otherwise known as the free market or freedom under capitalism. It is no accident that in a society that presumes a norm of violence, whether on the football field or in the conduct of its business, people speak of deals as "killings.

Do you know,” she said, and without a trace of charity, “there is something very wrong with you....... You are the unhappiest person I have ever known. You are like a baby....... “The way you disapprove of your life! Why do you do that? It is of no value for a man to disapprove of his life the way you do. You seem to take some special pleasure, some pride, in making yourself the butt of your own particular sense of humour. I don’t believe that you actually want to improve your life. Everything you say is somehow always twisted, some way or another, to come out ‘funny’. All day long the same thing. In some little way or other, everything is ironical, or self-depreciating. And you are a highly intelligent man – that is what makes it even more disagreeable. The contribution you could make! Such stupid self-deprecation! How disagreeable!

The competition for accumulation requires that the capitalists inflict a daily violence upon the working class in the work place. The intensity of that violence is not under individual capitalists' control, particularly if competition is unregulated. The restless search for relative surplus value raises the productivity of labour at the same time as it devalues and depreciates labour power, to say nothing of the loss of dignity, of sense of control over the work process of the perpetual harassment by overseers and the necessity to conform to the dictates of the machine. As individuals, workers are scarcely in a position to resist, most particularly since a rising productivity has the habit of 'freeing' a certain number of them into the ranks of the unemployed. Workers can develop the power to resist only by class action of some kind — either spontaneous acts of violence (the machine-breakings, burnings and mob fury of earlier eras, which have by no means disappeared) or the creation of organizations (such as the unions) capable of waging a collective class struggle. The capitalists' compulsion to capture ever more relative surplus value does not pass unchallenged. The battle is joined once more, and the main lines of class struggle form around questions such as the application of machinery, the speed and intensity of the labour process, the employment of women and children, the conditions of labour and the rights of the worker in the work place. The fact that struggles over such issues are a part of daily life in capitalist society attests to the fact that the quest for relative surplus value is omnipresent and that the necessary violence that that quest implies is bound to provoke some kind of class response on the part of the workers.

The supplementary quantity of gold that streams from it into commerce goes at first to the owners of the mine and then by turns to those who have dealings with them. If we schematically divide the whole community into four groups, the mine-owners, the producers of luxury goods, the remaining producers, and the agriculturalists, the first two groups will be able to enjoy the benefits resulting from the reduction in the value of money, the former of them to a greater extent than the latter. But even as soon as we' reach the third group, the situation is altered. The profit obtained by this group as a result of the increased demands of the first two will already be offset to some. extent by the rise in the prices of luxury goods which will have experienced the full effect of the depreciation by the time it begins to affect other goods. Finally, for the fourth group, the whole process will result in nothing but loss.

Big variations in the value of money give rise to the danger that commerce will emancipate itself from the money which is subject to State influence and choose a special money of its own. But without matters going so far as this it is still possible for all the consequences of variations in the value of money to be eliminated if the individuals engaged in economic activity clearly recognize that the purchasing power of money is constantly sinking and act accordingly. If in all business transactions they allow for what the objective exchange-value of money will probably be in the future, then all the effects on credit and commerce are finished with. In proportion as the Germans began to reckon in terms of gold, so was further depreciation rendered incapable of altering the relationship between creditor and debtor or even of influencing trade. By going over to reckoning in terms of gold, the community freed itself from the inflationary policy of the government. Thus it checkmated this inflationary policy, and eventually even the government was obliged to acknowledge gold as a basis of reckoning.

So far as variations in the objective exchange-value of money are foreseen, they influence the terms of credit transactions. If a future fall in the purchasing power of the monetary unit has to be reckoned with, lenders must be prepared for the fact that the sum of money which a debtor repays at the conclusion of the transaction will have a smaller purchasing power than the sum originally lent. Lenders, in fact, would do better not to lend at all, but to buy other goods with their money. The contrary is true for debtors. If they buy commodities with the money they have borrowed and sell them again after a time, they will retain a surplus over and above the sum that they have to pay back. The credit transaction results in a gain for them. Consequently it is not difficult to understand that, so long as continued depreciation is to be reckoned with, those who lend money demand higher rates of interest and those who borrow money are willing to pay the higher rates. If, on the other hand, it is expected that the value of money will increase, then the rate of interest will be lower than it would otherwise have been.

Consistently and uninterruptedly continued inflation must eventually lead to collapse. The purchasing power of money will fall lower and lower, until it eventually disappears altogether. It is true that an endless process of depredation can be imagined. We can imagine the purchasing power of money getting continually lower without ever disappearing altogether, and prices getting continually higher without it ever becoming impossible to obtain commodities in exchange for notes. Eventually this would lead to a situation in which even retail transactions were in terms of millions and billions and even higher figures; bu t the monetary system itself would remain. But such an imaginary state of affairs is hardly within the bounds of possibility. In the long run, a money which continually fell in value would have no commercial utility. It could not be used as a standard of deferred payments. For all transactions in which commodities or services were not exchanged for cash, another medium would have to be sought. In fact, a money that is continually depreciating becomes useless even for cash transactions. Everybody attempts to minimize his cash reserves, which are a source of continual loss.

Statisticians say that stocks with healthy dividends slightly outperform the market averages, especially on a risk-adjusted basis. On average, high-yielding stocks have lower price/earnings ratios and skew toward relatively stable industries. Stripping out these factors, generous dividends alone don’t seem to help performance. So, if you need or like income, I’d say go for it. Invest in a company that pays high dividends. Just be sure that you are favoring stocks with low P/Es in stable industries. For good measure, look for earnings in excess of dividends, ample free cash flow, and stable proportions of debt and equity. Also look for companies in which the number of shares outstanding isn’t rising rapidly. To put a finer point on income stocks to skip, reverse those criteria. I wouldn’t buy a stock for its dividend if the payout wasn’t well covered by earnings and free cash flow. Real estate investment trusts, master limited partnerships, and royalty trusts often trade on their yield rather than their asset value. In some of those cases, analysts disagree about the economic meaning of depreciation and depletion—in particular, whether those items are akin to earnings or not. Without looking at the specific situation, I couldn’t judge whether the per share asset base was shrinking over time or whether generally accepted accounting principles accounting was too conservative. If I see a high-yielder with swiftly rising share counts and debt levels, I assume the worst.

The definition of morality; Morality is the idiosyncrasy of decadents, actuated by a desire to avenge themselves with success upon life. I attach great value to this definition. 8 [Pg 141] Have you understood me? I have not uttered a single word which I had not already said five years ago through my mouthpiece Zarathustra. The unmasking of Christian morality is an event which unequalled in history, it is a real catastrophe. The man who throws light upon it is a force majeure, a fatality; he breaks the history of man into two. Time is reckoned up before him and after him. The lightning flash of truth struck precisely that which theretofore had stood highest: he who understands what was destroyed by that flash should look to see whether he still holds anything in his hands. Everything which until then was called truth, has been revealed as the most detrimental, most spiteful, and most subterranean form of life; the holy pretext, which was the "improvement" of man, has been recognised as a ruse for draining life of its energy and of its blood. Morality conceived as Vampirism.... The man who unmasks morality has also unmasked the worthlessness of the values in which men either believe or have believed; he no longer sees anything to be revered in the most venerable man—even in the types of men that have been pronounced holy; all he can see in them is the most fatal kind of abortions, fatal, because they fascinate. The concept "God" was invented as the opposite of the concept life—everything detrimental, poisonous, and slanderous, and all deadly hostility to life, wad bound together in one horrible unit in Him. The concepts "beyond" and "true world" were invented in order to depreciate the only world that exists—in order that no goal or aim, no sense or task, might be left to earthly reality. The concepts "soul," "spirit," and last of all the concept "immortal soul," were invented in order to throw contempt on the body, in order to make it sick and "holy," in order to cultivate an attitude of appalling levity towards all things in life which deserve to be treated seriously, i.e. the questions of nutrition and habitation, of intellectual diet, the treatment of the sick, cleanliness, and weather. Instead of health, we find the "salvation of the soul"—that is to say, a folie circulate fluctuating between convulsions and penitence and the hysteria of redemption. The concept "sin," together with the torture instrument appertaining to it, which is the concept "free will," was invented in order to confuse and muddle our instincts, and to render the mistrust of them man's second nature! In the concepts "disinterestedness" and "self-denial," the actual signs of decadence are to be found. The allurement of that which is [Pg 142] [Pg 143] The Project Gutenberg eBook of Ecce Homo, by Friedrich Nietzsche. detrimental, the inability to discover one's own advantage and self-destruction, are made into absolute qualities, into the "duty," the "holiness," and the "divinity" of man. Finally—to keep the worst to the last—by the notion of the good man, all that is favoured which is weak, ill, botched, and sick-in-itself, which ought to be wiped out. The law of selection is thwarted, an ideal is made out of opposition to the proud, well-constituted man, to him who says yea to life, to him who is certain of the future, and who guarantees the future—this man is henceforth called the evil one. And all this was believed in as morality!

According to Bartholomew, an important goal of St. Louis zoning was to prevent movement into 'finer residential districts . . . by colored people.' He noted that without a previous zoning law, such neighborhoods have become run-down, 'where values have depreciated, homes are either vacant or occupied by color people.' The survey Bartholomew supervised before drafting the zoning ordinance listed the race of each building's occupants. Bartholomew attempted to estimate where African Americans might encroach so the commission could respond with restrictions to control their spread. The St. Louis zoning ordinance was eventually adopted in 1919, two years after the Supreme Court's Buchanan ruling banned racial assignments; with no reference to race, the ordinance pretended to be in compliance. Guided by Bartholomew's survey, it designated land for future industrial development if it was in or adjacent to neighborhoods with substantial African American populations. Once such rules were in force, plan commission meetings were consumed with requests for variances. Race was frequently a factor. For example, on meeting in 1919 debated a proposal to reclassify a single-family property from first-residential to commercial because the area to the south had been 'invaded by negroes.' Bartholomew persuaded the commission members to deny the variance because, he said, keeping the first-residential designation would preserve homes in the area as unaffordable to African Americans and thus stop the encroachment. On other occasions, the commission changed an area's zoning from residential to industrial if African American families had begun to move into it. In 1927, violating its normal policy, the commission authorized a park and playground in an industrial, not residential, area in hopes that this would draw African American families to seek housing nearby. Similar decision making continued through the middle of the twentieth century. In a 1942 meeting, commissioners explained they were zoning an area in a commercial strip as multifamily because it could then 'develop into a favorable dwelling district for Colored people. In 1948, commissioners explained they were designating a U-shaped industrial zone to create a buffer between African Americans inside the U and whites outside. In addition to promoting segregation, zoning decisions contributed to degrading St. Louis's African American neighborhoods into slums. Not only were these neighborhoods zoned to permit industry, even polluting industry, but the plan commission permitted taverns, liquor stores, nightclubs, and houses of prostitution to open in African American neighborhoods but prohibited these as zoning violations in neighborhoods where whites lived. Residences in single-family districts could not legally be subdivided, but those in industrial districts could be, and with African Americans restricted from all but a few neighborhoods, rooming houses sprang up to accommodate the overcrowded population. Later in the twentieth century, when the Federal Housing Administration (FHA) developed the insure amortized mortgage as a way to promote homeownership nationwide, these zoning practices rendered African Americans ineligible for such mortgages because banks and the FHA considered the existence of nearby rooming houses, commercial development, or industry to create risk to the property value of single-family areas. Without such mortgages, the effective cost of African American housing was greater than that of similar housing in white neighborhoods, leaving owners with fewer resources for upkeep. African American homes were then more likely to deteriorate, reinforcing their neighborhoods' slum conditions.

According to this view the present state of our warring capacities would not be a state of culture, but only a stage on the way. Opinions will, of course, be divided about this, for by culture one man will understand a state of collective culture, while another will regard this state merely as civilization8 and will expect of culture the sterner demands of individual development. Schiller is, however, mistaken when he allies himself exclusively with the second standpoint and contrasts our collective culture unfavourably with that of the individual Greek, since he overlooks the defectiveness of the civilization of that time, which makes the unlimited validity of that culture very questionable. Hence no culture is ever really complete, for it always swings towards one side or the other. Sometimes the cultural ideal is extraverted, and the chief value then lies with the object and man’s relation to it: sometimes it is introverted, and the chief value lies with subject and his relation to the idea. In the former case, culture takes on a collective character, in the latter an individual one. It is therefore easy to understand how under the influence of Christianity, whose principle is Christian love (and by counter-association, also its counterpart, the violation of individuality), a collective culture came about in which the individual is liable to be swallowed up because individual values are depreciated on principle. Hence there arose in the age of the German classicists that extraordinary yearning for the ancient world which for them was a symbol of individual culture, and on that account was for the most part very much overvalued and often grossly idealized. Not a few attempts were even made to imitate or recapture the spirit of Greece, attempts which nowadays appear to us somewhat silly, but must none the less be appreciated as forerunners of an individual culture.

Win demagnetized and then pried off the power chamber faring and tossed it aside. Then he started to laugh. And dance. And slap Dirck on the back. And dance some more. He was laughing so hard he was crying. 'Hey,' Dirck said, the entertainment value of his friend's behavior rapidly depreciating. 'Don't you think we ought to do what we have to and get out of here, before they send another veke?

An artwork could always be restored and sold with no depreciated value―the cracks and tears provide more character, But when it comes to human emotions, how far could you stretch your heart to let go of the pain?

The word of God is an asset to humanity. Its value never depreciates but appreciates.

As any business person will tell you, the value of a traditional company is based on thirty times its EBITDA (earnings before income and tax depreciation of assets). If the company makes $1 million a year, it is said to be worth $30 million. But the Internet wasn’t measured in those terms because most people weren’t making any money. Instead, Internet companies were evaluated on the perception that someday, in the not-too-distant future, simply because of their connection to the Internet, they would be rolling in huge amounts of cash.

As any business person will tell you, the value of a traditional company is based on thirty times its EBITDA (earnings before income and tax depreciation of assets). If the company makes $1 million a year, it is said to be worth $30 million.

Only people can be made to increase in value. Computers and other equipment depreciate and eventually become obsolete.

With industrialization has come a general depreciation of work. As the price of work has gone up, the value of it has gone down, until it is so depressed that people simply do not want to do it anymore. We can say without exaggeration that the present national ambition of the United States is unemployment. People live for quitting time, for weekends, for vacations, and for retirement; moreover, this ambition seems to be classless, as true in the executive suites as on the assembly lines. One works not because the work is necessary, valuable, useful to a desirable end, or because one loves to do it, but only to be able to quit- a condition that a saner time would regard as infernal, a condemnation. This is explained, of course, by the dullness of the work, by the loss of responsibility for, or credit for, or knowledge of the thing made. What can be the status of the working small farmer in a nation whose motto is a sigh of relief: "Thank God it's Friday?

Employees are the only organization resource that can, with training, appreciate in value. All other resources depreciate.

Teachability that emanates from expressed humility is a must-have trait in a world where skills are depreciating in value as soon as they're learned.

Only after I've lived more or better, will I manage to depreciate what is human," Joana sometimes told him. "Human- me. Human- mankind separated into individuals. To forget them because my relationships with them can only be sentimental. If I seek them out, I demand or give them the equivalent of the same old words we always hear, "fraternity", "justice". If they had any real value, it wouldn't be because they are the apex, but the base of a triangle. They'd be the condition rather than the fact itself. Yet they end up occupying all of our mental and emotional space precisely because they are impossible to realize, they are against nature. They are fatal, in spite of everything, in the state of promiscuity in which we live. In this state hatred becomes love, which is really no more than the quest for love, never attained except in theory, as in Christianity. Oh spare me, bellowed Otávio. She had wanted to stop but tiredness and the excitement of his presence sharpened her mind and the words poured out unceasing. "It's hard to depreciate what is human," she went on, "hard to escape this atmosphere of failed revolt (adolescence), of solidarity with others whose efforts have also been impotent. But how good it would be to build something pure, free of false sublimated love, free of the fear of not loving... Fear of not loving, worse than the fear of not being loved...

Financial strength and capital structure. The most basic possible definition of a good business is this: It generates more cash than it consumes. Good managers keep finding ways of putting that cash to productive use. In the long run, companies that meet this definition are virtually certain to grow in value, no matter what the stock market does. Start by reading the statement of cash flows in the company’s annual report. See whether cash from operations has grown steadily throughout the past 10 years. Then you can go further. Warren Buffett has popularized the concept of owner earnings, or net income plus amortization and depreciation, minus normal capital expenditures. As portfolio manager Christopher Davis of Davis Selected Advisors puts it, “If you owned 100% of this business, how much cash would you have in your pocket at the end of the year?” Because it adjusts for accounting entries like amortization and depreciation that do not affect the company’s cash balances, owner earnings can be a better measure than reported net income. To fine-tune the definition of owner earnings, you should also subtract from reported net income: any costs of granting stock options, which divert earnings away from existing shareholders into the hands of new inside owners any “unusual,” “nonrecurring,” or “extraordinary” charges any “income” from the company’s pension fund. If owner earnings per share have grown at a steady average of at least 6% or 7% over the past 10 years, the company is a stable generator of cash, and its prospects for growth are good.

The romantic idealism, the self-conscious ‘sentimental’ heroism of chivalry are idealism and heroism at second hand, and originate primarily in the ambition and the deliberation with which this new nobility set about developing the notions of its own peculiar honour. Its zeal is only a sign of unsureness and weakness which the old nobility does not, or at least did not, suffer from as long as uninfluenced by the new, inwardly unstable, company of the knights. This instability shows itself most strikingly in its equivocal attitude to the conventional forms of noble living. On the one hand, it clings to the superficialities and exaggerates the formalities of the aristocratic manner of life; on the other hand, it sets inward nobility of soul above the outward and purely formal nobility of birth and manners. Conscious of its subordinate position, it exaggerates the value of mere forms, but conscious also of possessing capacities equal to or even greater than those of the old aristocracy, it, at the same time, depreciates the value of such forms and of noble birth as such.

As early as 1793, a White minister protested that “a Negro hut” had depreciated property values in Salem. Similar protests surfaced in New Haven and Indiana, and they had become commonplace in Boston by the time Garrison settled there. The vicious housing cycle had already begun. Racist policies harmed Black neighborhoods, generating racist ideas that caused people not to want to live next to Blacks, which depressed the value of Black homes, which caused people not to want to live in Black neighborhoods even more, owing to low property values.

Only after I've lived more or better, will I manage to depreciate what is human," she sometimes told him. "Human-me. Human-mankind separated into individuals. To forget them because my relationships with them can only be sentimental. If I seek them out, I demand or give them the equivalent of the same old words we always hear, 'fraternity,' 'justice.' If They had any real value, it wouldn't be because they are the apex, but the base of a triangle. They'd be the condition rather than the fact itself. Yet they end up occupying all of our mental and emotional space precisely because they are impossible to realize, they are against nature. They are fatal, in spite of everything, in the state of promiscuity in which we live. In this state hatred becomes love, which is really no more than the quest for love, never attained except in theory...

Rebalancing involves taking action to ensure that the current portfolio characteristics match as closely as is practicable the targeted portfolio allocations. As market forces cause various assets to rise or fall in value, proportions of portfolios allocated to the various assets rise and fall concurrently. To maintain desired allocations, investors sell assets that appreciate in relative terms and buy assets that depreciate in relative terms. Unless investors engage in systematic rebalancing of portfolios, the risk and return profile of the actual portfolio invariably differs from the risk and return profile of the desired portfolio.

Depreciation gets special IRS attention, and requires Form 4562. To fill out this form (whether you’re doing it with DIY software or providing info to your accountant), you’ll need to know the basis of your rental property. The basis for depreciation is different than the overall basis because land does not get depreciated, and may change over time if you make improvements to the property. To get started you’ll need to know: • The original purchase price of the property • The list of closing costs (most closing costs get added to the basis) • Land value, which you can find on the most recent property tax assessment paperwork • Additions or improvements you made that will add value for more than one year (think replaced roof, not repainted rooms) • The date the property was “placed in service,” meaning made available for rent The

Employment depreciates you

You were mistaken, Grandmother,' I finally said softly. 'Sir Bennet is precisely the kind of man who cares a great deal about beauty. Not only is he the epitome of beauty himself, but he appreciates it in others.' 'I beg to differ.' Grandmother gripped the seat cushion as we hit another rut. 'You were correct in saying Sir Bennet appreciates beauty. But he is able to see the beauty in things that other do not. Why else does he have such a large collection of rare and unique artifacts and relics, most of which are chipped, broken, and decrepit?' I gasped at her depreciation of Bennet's valuable collection. 'They're priceless treasures. Each marking or chip makes them even more special.' 'Exactly.' This time her words silenced me for some time. Grandmother was right. Bennet saw the value in the ancient artwork and artifacts in a way most people didn't. He saw past the exterior to the heart of the masterpieces that their creators had crafted. Was it possible he saw me the same way?

All that is worthy of love [*die Liebenswürdigkeiten*], from the viewpoint of God's comprehensive love, might have been stamped and created by this act of love; man's love does not so stamp or create its objects. Man's love is restricted to recognizing the objective demand these objects make and to submitting to the gradation of rank in what is worthy of love. This gradation exists in itself, but in itself it exists "for" man, ordered to his *particular* essence. Loving can be characterized as correct or false only because a man's actual inclinations and acts of love can be in harmony with or oppose the rank-ordering of what is worthy of love. In other words, man can feel and know himself to be at one with, or separated and opposed to, the love with which God loved the idea of the world or its content before he created it, the love with which he preserves it at every instant. If a man in his actual loving, or in the order of his acts of love, in his preferences and depreciations, subverts this self-existent order, he simultaneously subverts the intention of the divine world-order―as it is in his power to do. And whenever he does so, his world as the possible object of knowledge, and his world as the field of willing, action, and operation, must necessarily fall as well. This is not the place to speak about the content of the gradations of rank in the realm of all that is worthy of love. It is sufficient here to say something about the *form* and *content* of the realm itself. From the primal atom and the grain of sand to God, this realm is *one* realm. This "unity" does not mean that the realm is closed. We are conscious that no one of the finite parts of it which are given to us can exhaust its fullness and its extension. If we have only *once* experienced how one feature which is worthy of love appears next to another―or how another feature of still higher value appears over and above one which we had taken till now as the "highest" in a particular region of values, then we have learned the essence of progress in or penetration into the realm. Then we see that this realm cannot have precise boundaries. Only in this way can we understand that when any sort of love is fulfilled by an object adequate to it the satisfaction this gives us can never be definitive. Just as the essence of certain operations of thought which create their objects through self-given laws (e.g., the inference from *n* to *n* + *I*) prevents any limits from being placed on their application, so it is in the essence of the act of love as it fulfills itself in what is worthy of love that it can progress from value to value, from one height to an even greater height. "Our heart is too spacious," said Pascal. Even if we should know that our actual ability to love is limited, at the same time we know and feel that this limit lies neither in the finite objects which are worthy of love nor in the essence of the act of love as such, but only in our organization and the conditions it sets for the occurrence and *arousal* of the act of love. For this arousal is bound up with the life of our body and our drives and with the way an object stimulates and calls this life into play. But *what* we grasp as *worthy of love* is not bound up with these, and more than the *form and structure* of the realm of which this value shows itself to be a part." ―from_Ordo Amoris_

Every asset that you're entrusted with--whether it's money, procedures, materials, technology--all of it is depreciating. All of it is becoming obsolete. Human assets can also depreciate in value. It's literally true in some organizations, the people are worth less--and in some cases are worthless--compared with a year ago. But human assets can also appreciate in value. People can become worth more. Those who are powerful in leadership understand that one of the key tasks of management is to find ways to grow people.

Keynes had been appointed to the board of the National Mutual, one of the oldest institutions in the city, in 1919.107 He had served as chairman of the insurer, and helped manage its investment portfolio from 1921. That portfolio lost £641,000 ($61 million), an enormous sum of money in 1937. While Keynes was recuperating from a heart attack, F. N. Curzon, the acting chairman of the insurer called him to account for the loss.108 Curzon and the board criticized Keynes’s investment policy of remaining invested in his “pet” stocks during the decline.109 In a response to Curzon in March 1938, Keynes wrote:110 1. I do not believe that selling at very low prices is a remedy for having failed to sell at high ones. . . . As soon as prices had fallen below a reasonable estimate of intrinsic value and long-period probabilities, there was nothing more to be done. It was too late to remedy any defects in previous policy, and the right course was to stand pretty well where one was. 2. I feel no shame at being found owning a share when the bottom of the market comes. I do not think it is the business, far less the duty, for an institutional or any other serious investor to be constantly considering whether he should cut and run on a falling market, or to feel himself open to blame if shares depreciate on his hands. . . . An investor is aiming, or should be aiming, primarily at long-period results, and should be solely judged by these. . . . The idea that we should all be selling out to the other fellow and should all be finding ourselves with nothing but cash at the bottom of the market is not merely fantastic, but destructive of the whole system. 3. I do not feel that we have in fact done particularly badly. . . . If we deal in equities; it is inevitable that there should be large fluctuations.

Things to Do List": Know your worth. Love yourself first. Follow your instincts. Do not underestimate your strength. Never be afraid to stand alone; with God you never are. Stay where you are loved; don't dwell where you are not. You are as important to anyone else as they are to you. When you don't appreciate your value, your value will begin to depreciate.

When you don't appreciate your value, your value will begin to depreciate.

let’s turn to the formula, talking about accumulation: M C C’ M’. M, money, C, input commodities, one cycle; M prime, more money. What happens in this process to allow M to become M prime, which is the whole point? You wouldn’t go through all of this if you ended up at the end with the same money as you started out with at the beginning. M just came out as M. The whole point is to get from M to M prime. To understand this, we have to examine this peculiar commodity of labor power. As an analysis of how more money emerges from the production process than goes in, Marx first rules out any possibilities of cheating or unfairness. In his analysis of the capitalist system, Marx is in a conversation with, and often in argumentation with, the economists, and political economists who came before them, principally the classical political economists. People like David Ricardo, Adam Smith, and a number of others. He wanted to make his analysis within their frame of rules, which presents capital in its best light. So that if in fact he shows it not to produce the advantages that they claim, he will have done it on their terms. One of the things he does is to rule out things like cheating, like buying low and selling high, which is a sort of principal character of mercantilism. The reason he rules this out is, he says, that on balance in society, this doesn’t produce any additional surplus value or wealth. It simply redistributes what value or wealth already exists. That it all averages out; if you cheat somebody, you may have gotten something, but they lost something. It’s a kind of zero-sum thing. He rules that out. Everything in the process as Marx analyzes it trades at its true value. The means of production cannot be the source of the additional value. Remember, he’s trying to figure out in his process how we get from M to M prime. One of the things that capitalists do is buy means of production. He says, those cannot be the source of additional value. The reasons are this. They either transfer part of their value to the new products, or, for example, you depreciate machinery over time. You can calculate how much of the value goes into a production in each cycle of production. Or the means of production actually end up incorporated into the new product itself, but there is no new value there. So, if you make something, if you make bread out of wheat, it becomes incorporated in the bread, but there is no new value there. It’s necessary for the capitalists to find on the market the commodity that produces more value than it itself costs. That’s the trick. This unique commodity is labor power, and is the only element in the process that produces surplus value, which is the source of profit.

In 1931, Japan went broke—i.e., it was forced to draw down its gold reserves, abandon the gold standard, and float its currency, which depreciated it so greatly that Japan ran out of buying power. These terrible conditions and large wealth gaps led to fighting between the left and the right. By 1932, there was a massive upsurge in right-wing nationalism and militarism, in the hope that order and economic stability could be forcibly restored. Japan set out to get the natural resources (e.g., oil, iron, coal, and rubber) and human resources (i.e., slave labor) it needed by seizing them from other countries, invading Manchuria in 1931 and spreading out through China and Asia. As with Germany, it could be argued that Japan’s path of military aggression to get needed resources was more cost-effective than relying on classic trading and economic practices. In 1934, there was severe famine in parts of Japan, causing even more political turbulence and reinforcing the right-wing, militaristic, nationalistic, and expansionistic movement. In the years that followed, Japan’s top-down fascist command economy grew stronger, building a military-industrial complex to protect its existing bases in East Asia and northern China and support its excursions into other countries. As was also the case in Germany, while most Japanese companies remained privately held, their production was controlled by the government. What is fascism? Consider the following three big choices that a country has to make when selecting its approach to governance: 1) bottom-up (democratic) or top-down (autocratic) decision making, 2) capitalist or communist (with socialist in the middle) ownership of production, and 3) individualistic (which treats the well-being of the individual with paramount importance) or collectivist (which treats the well-being of the whole with paramount importance). Pick the one from each category that you believe is optimal for your nation’s values and ambitions and you have your preferred approach. Fascism is autocratic, capitalist, and collectivist. Fascists believe that top-down autocratic leadership, in which the government directs the production of privately held companies such that individual gratification is subordinated to national success, is the best way to make the country and its people wealthier and more powerful.

old, then it was about half-depreciated, meaning that they had $1 billion of ships at the current market value.

The Chancellor would accept no connection between printing money and its depreciation. Indeed, it remained largely unrecognised in Cabinet, bank, parliament or press. The Vossische Zeitung of August 16 declared that the opinion that the flood of paper is the real origin of the depreciation is not only wrong but dangerously wrong … Both private and public statistics have long shown that for the last two years the interior depreciation of the mark is due to the depreciation of the rate of exchange … It should be remembered today that our paper circulation, although it shows on paper a terrifying array of milliards, is really not excessively high … We have no ‘dangerous flood of paper’ but, on the contrary, our total circulation is at least three or four times as small as in peace time. Lord D’Abernon described these remarkable views as ‘far from exceptionally retrograde’, and in fact typical of enlightened Berlin opinion. The Berliner Börsen Courier a couple of days later showed greater concern for the social consequences but no more awareness about the reasons. It regretted that the German mark at one-three-hundredth of its par value was now in the same class as the Hungarian korona. The proletariate was becoming restless, said the newspaper, and the State whose taxation estimates were based on an average exchange rate of 500 to the dollar was helpless.

The wit of man,” said Democratic Congressman George Pendleton of Ohio, “has never discovered a means by which paper currency can be kept at par value, except by its speedy, cheap, certain convertibility into gold and silver.” If this bill passed, “prices will be inflated . . . incomes will depreciate; the savings of the poor will vanish; the hoardings of the widow will melt away; bonds, mortgages, and notes—everything of fixed value—will lose their value.

In the 1860s, during its civil war, the US suspended gold convertibility and printed paper money (known as “greenbacks”) to help monetize war debts. Around the time the US returned to its gold peg in the mid-1870s, a number of other countries joined the gold standard; most currencies remained fixed against it until World War I. Major exceptions were Japan (which was on a silver-linked standard until the 1890s, which led its exchange rate to devalue against gold as silver prices fell during this period) and Spain, which frequently suspended convertibility to support large fiscal deficits. During World War I, warring countries ran enormous deficits that were funded by central banks’ printing and lending of money. Gold served as money in foreign transactions, as international trust (and hence credit) was lacking. When the war ended, a new monetary order was created with gold and the winning countries’ currencies, which were tied to gold. Still, between 1919 and 1922 several European countries, especially those that lost the war, were forced to print and devalue their currencies. The German mark and German mark debt sank between 1920 and 1923. Some of the winners of the war also had debts that had to be devalued to create a new start. With debt, domestic political, and international geopolitical restructurings done, the 1920s boomed, particularly in the US, inflating a debt bubble. The debt bubble burst in 1929, requiring central banks to print money and devalue it throughout the 1930s. More money printing and more money devaluations were required during World War II to fund military spending. In 1944–45, as the war ended, a new monetary system that linked the dollar to gold and other currencies to the dollar was created. The currencies and debts of Germany, Japan, and Italy, as well as those of China and a number of other countries, were quickly and totally destroyed, while those of most winners of the war were slowly but still substantially depreciated. This monetary system stayed in place until the late 1960s. In 1968–73 (most importantly in 1971), excessive spending and debt creation (especially by the US) required breaking the dollar’s link to gold because the claims on gold that were being turned in were far greater than the amount of gold available to redeem them. That led to a dollar-based fiat monetary system, which allowed the big increase in dollar-denominated money and credit that fueled the inflation of the 1970s and led to the debt crisis of the 1980s. Since 2000, the value of money has fallen in relation to the value of gold due to money and credit creation and because interest rates have been low in relation to inflation rates. Because the monetary system has been free-floating, it hasn’t experienced the abrupt breaks it did in the past; the devaluation has been more gradual and continuous. Low, and in some cases negative, interest rates have not provided compensation for the increasing amount of money and credit and the resulting (albeit low) inflation.

We believed the real money in real estate came from borrowing long-term, fixed-rate debt in an inflationary scenario that ultimately depreciated the value of the loan and increased the position of the borrower.

If you purchased a building for $200,000 but were eligible to depreciate $5,000 of its value, you would effectively pay just $195,000. If you take depreciation deductions and then sell the property, the $5,000 will be used to pay back those costs. A 25% tax is applied to the recouped funds. If the building were sold for $210,000, the net gain would be $15,000. However, $5,000 of that total would be considered recoupment of the tax break. A maximum of 25% of the amount reclaimed is taxed as regular income. The remaining $10,000 in capital gain would be taxed at the zero, fifteen, or 20% rates described above.

Someone who undervalues himself eventually will blame others for his depreciation.

Throughout my life, I had felt the weight of indebtedness. I was born into a deficit because I was a daughter rather than the son to replace my parents' dead son. I continued to depreciate in value with each life decision I made that did not follow my parents' expectations. Being indebted is to be cautious, inhibited, and to never speak out of turn. It is to lead a life constrained by choices that are never your own. The man or woman who feels comfortable holding court at a dinner party will speak in long sentences, with heightened dramatic pauses, assured that no one will interject while they're mid-thought, whereas I, who am grateful to be invited, speak quickly in clipped compressed bursts, so that I can get a word in before I'm interrupted. If the indebted Asian immigrant thinks they owe their life to America, the child thinks they owe their livelihood to their parents for their suffering. The indebted Asian American is therefore the ideal neoliberal subject. I accept that the burden of history is solely on my shoulders; that it's up to me to earn back reparations for the losses my parents incurred, and to do so, I must, without complaint, prove myself in the workforce.

After more than a century of compulsory democracy, the predictable results are before our very eyes. The tax load imposed on property owners and producers makes the economic burden even of slaves and serfs seem moderate in comparison. Government debt has risen to breathtaking heights. Gold has been replaced by government manufactured paper as money, and its value has continually dwindled. Every detail of private life, property, trade, and contract is regulated by ever higher mountains of paper laws (legislation). In the name of social, public or national security, our caretakers "protect" us from global warming and cooling and the extinction of animals and plants, from husbands and wives, parents and employers, poverty, disease, disaster, ignorance, prejudice, racism, sexism, homophobia, and countless other public enemies and dangers. And with enormous stockpiles of weapons of aggression and mass destruction they "defend" us, even outside of the U.S., from ever new Hitlers and all suspected Hitlerite sympathizers. However, the only task a government was ever supposed to assume - of protecting our life and property - our caretakers do not perform. To the contrary, the higher the expenditures on social, public, and national security have risen, the more our private property rights have been eroded, the more our property has been expropriated, confiscated, destroyed, and depreciated, and the more we have been deprived of the very foundation of all protection: of personal independence, economic strength, and private wealth.

Things to Do List": Know your worth. Love yourself first. Follow your instincts. Do not underestimate your strength. Never be afraid to stand alone; with God you never are. Stay where you are loved; don't dwell where you are not. You are as important to anyone else as they are to you. When you don't appreciate your value, your value will begin to depreciate.

You may sell the art but the artist herself already belongs to someone and that someone would sooner cut off your hands than allow you to depreciate the value of his most prized possession. Are we clear?

It’s not so much that a strong or weak currency is inherently good or bad per se, but rather that an artificially strong or weak currency relative to a country’s trade balance is bad. If a country has a persistent trade surplus but constantly weakens its otherwise-appreciating currency by accumulating central bank reserves (mercantilism), then value is siphoned away from workers and toward the leaders. Similarly, if a country has a persistent trade deficit but has an extra monetary premium built onto its otherwise-depreciating currency due to its imperial prowess, then its workers are not very competitive in terms of global labor rates and will likely stagnate, while their political leaders, multinational corporations, and wealthy elite will thrive.

Savings are relatively useless during times of high inflation.

The German inflation was a huge fraud which benefited the debtors and speculators at the expense of the large, prudent middle class. The following things happened in Germany: a. Bonds (including governments), real estate mortgages, life insurance, bank savings and all fixed value investments became worthless because they were redeemed by debtors with depreciated money. b. Common stocks of industrial concerns soared to fantastic heights and paid huge dividends. When stabilization came these stocks crashed and only the strongest companies survived. In spite of this common stocks proved to be the best investment. c. Real estate owners who paid off their mortgages with depreciated currency and held on to it until stabilization came, still had something of value. The same applied to purchasers of commodities such as diamonds, etc. d. Industries expanded, built huge additions to their plants and paid in worthless currency. Of all classes, the industrialists fared best. e. Professional men were badly off.

Owing to a debtor’s ability to reject contracts of nearly all types, a bankrupt company is frequently in a position to become a low-cost competitor in its industry upon reorganization. Unprofitable, high-cost facilities are closed or sold, above-market lease costs are reduced to market levels, and a company’s overstated assets are typically written down on its books to fair-market value, thereby reducing future depreciation charges. The bankruptcy process can sometimes serve as a salutary catharsis, allowing troubled firms the opportunity to improve their business operations.

When we are inspired by a poem or novel, our human impulse is to share it so that, as Lewis Hyde writes, it leaves a trail of “interconnected relationships in its wake.” But in the market economy, art is a commodity removed from circulation and kept. If the work of art circulates, it circulates for profit, which has been grossly reaped by white authorship. Speaking on this subject, Amiri Baraka offers an invaluable quote: “All cultures learn from each other. The problem is that if the Beatles tell me that they learned everything they know from Blind Willie, I want to know why Blind Willie is still running an elevator in Jackson, Mississippi.” We must make right this unequal distribution but we must do so without forgetting the immeasurable value of cultural exchange in what Hyde calls the gift economy. In reacting against the market economy, we have internalized market logic where culture is hoarded as if it’s a product that will depreciate in value if shared with others; where instead of decolonizing English, we are carving up English into hostile nation-states. The soul of innovation thrives on cross-cultural inspiration. If we are restricted to our lanes, culture will die.

She’d originally paid $200,000 for the property and took depreciation of $75,000 over the time she owned it. When she died, the property had grown in value to $300,000. If she’d sold the property for cash the day before she died, she would’ve been taxed on her gain of $175,000 ($300,000 less $200,000 plus the $75,000 of depreciation she’d taken). But since she didn’t sell the property, her son didn’t have to pay any tax when he sold the property for $300,000 three months after she died.

John Myers, who spent thirty-seven years at GE, ran its pension fund for years, and sat on the GE Capital board, explained to me the keys to the success of GE Capital: GE’s AAA credit rating, allowing it to borrow money very cheaply. “Banks weren’t even rated AAA at that time,” he said. “We borrowed money cheaper than anyone could.” GE could also use GE Capital to reduce the taxes GE would otherwise pay on earnings from its very profitable industrial businesses. Here’s how that worked: If, say, an airline bought a new jet, it would have an asset that would depreciate over time, and the airline could use the depreciation to reduce its taxable income. But, at that time anyway, most airlines didn’t make much money, if any, so the value of the depreciation deductions was of little use to them. But to GE, the depreciation—the tax deductions—would be very valuable as a way to reduce GE’s pretax income and therefore to pay less in taxes. With that logic, GE Capital would buy the jets, lease them to the airlines at commercially attractive rates, and then use the depreciation on the jets to reduce the pretax income at GE.

Often we think of prices rising, but the more accurate way of looking at it is a depreciation of the currency. It is not so much that milk has become more expensive, but our rupees have become less valuable because there are more of them now. The other symptom of inflation, one which does not make itself immediately apparent, is that it is a form of theft from the poor and the middle class. Inflation is great for the rich because they can afford to get out of cash into tangible assets as a matter of habit, but for the middle class, and especially the lower middle class, value is being stolen right out of their pockets on a daily basis.

Words, like anything else used too often, soon depreciate in value, lose their edge, and cease to bite into our lives. When phrases, such as unconditional love, trip too easily off the tongue, the speaker’s ego may experience a temporary rush of exhilaration using an in salvation slogan, but his heart remains unchanged.

In West's guide, rule-of-thumb guidance comes in two formats that most valuation experts recognize:  Percentage of annual sales: If a business had total sales of $ 100,000 last year and the multiple for that business was 40 percent of annual sales, the price based on that particular rule of thumb would be $ 40,000.  Multiple of earnings: An earnings multiplier makes the most sense to prospective buyers. It directly addresses the buyer's motive to make money: to achieve a return on investment. In many small companies, this multiple is commonly used against what is known as seller's discretionary earnings (SDE), which are earnings before accounting for the following items: • Income taxes • Nonrecurring income and expenses • Nonoperating income and expenses • Depreciating an amortization • Interest expense or income • Owner's total compensation for one owner/ operator after adjusting the total compensation of all owners to market value

This is an era in the life of both Church and society which values individual choice over corporate identities; and which is inclined to depreciate the value of symbolic actions in worship, in contrast with the transmission of semantic content – in other words, preferring factual or propositional information to value-added (or ‘encoded’) physical actions such as rituals or sacraments.

Money for knowledge has us stumped for a while. Then we decide it depends, quite simply, upon what the knowledge is used for. If it’s knowledge, say, which gives us a new manufacturing process, something that helps turn inventory into throughput, then the knowledge is operational expense. If we intend to sell the knowledge, as in the case of a patent or a technology license, then it’s inventory. But if the knowledge pertains to a product which UniCo itself will build, it’s like a machine—an investment to make money which will depreciate in value as time goes on. And, again, the investment that can be sold is inventory; the depreciation is operational expense.

IT buyers prefer opex to capex. Historically software companies have preferred capital expenditures (capex) for technology investments, as this afforded them the ability to take advantage of amortization and depreciation of the capital investments over a period of time. But as technology shifts to the cloud, there’s a complementary shift happening in favor of opex over capex. Operating expenses bear the advantage of a pay-as-you-go model for services used with comparatively little to no up-front investment. Not only is this a greater value prop, as a business is getting exactly what it pays for, but it’s also a strategy for freeing up cash to drive growth, and a way for large enterprises to be nimble rather than locked into expensive IT infrastructure that lacks flexibility and often serves as nothing more than a bottleneck for transformation.

This is a favourite fallacy of today’s economics, which lacks a coherent concept of time—or, at least, it has a mechanical technique for dealing with time which can be applied uncritically. The key principle underlying the treatment of time here is the rate of interest. Economics recognises that if a person needs to borrow money from another person with whom he or she is not in a close reciprocal relationship, then the lender will reasonably expect to get something back for the money he provides (usually interest), in the same way as any other provider of goods and services. That introduces the principle of “discount”—money you won’t have until a future time is worth less than it would be worth if you had it now. The problem arises when the discount principle is applied to other assets. For example, the value in a hundred years’ time of a stock—such as a fishery—discounted at a rate of 3% per year, is just 5% of its present value, and if a valuation of this kind is taken literally, it can be used as a justification for fishing it to destruction now, because it is a depreciating asset. The fact that the interest rate calculation can be made does not necessarily mean that people will be foolish enough to make it, or to apply it uncritically, but, if they do, economics provides an apparent justification.

dressed… oddly. He nodded hello but pecked at a terminal behind the counter like he was wrapping something up. Jason examined Pierre with an eagerness that matched Pierre’s inspection of him, once he turned his full attention away from the terminal. He looked so pleased to see Pierre that for the first time he regretted dressing up to travel. He hadn’t considered that an affluent appearance might hamper his ability to negotiate terms of a financial transaction. Most of the time dressing well led to a degree of deference and better treatment. Jason however was regarding him like a prize steer that would soon be select cuts of beef. “Good day,” Pierre said, and tried to keep a pleasant face and made an attempt at humor. “Are you the Jason of fame, heralded by your establishment’s signage?” “I wouldn’t hire another Jason,” the fellow said bluntly. “If one wanted to hire on I suppose I might, if he let me call him George. Life’s perplexing enough without feeling like I’ve slipped into speaking in the third person every day. Fortunately there’s little enough to distract me on ISSII to make it a burden to keep the doors open without help. It’s like a very quiet little town.” “Indeed, I noticed the lack of a crowd in the corridor,” Pierre agreed. “Been that way since the war, and it’s been slow to come back all the way. But I figure in another five years, maybe six years it’ll be hopping again.” Pierre nodded politely. He’d really like to know why the fellow thought so, but he’d leave it for another time rather than neglect his business. “I wonder, if you might do currency exchanges among your services? I find the shuttle service I wish to take to Home doesn’t take EuroMarks. I’d like something they take, preferably Solars to facilitate other payments when I reach Home or beyond.” “I wouldn’t mind a bucket of them myself,” Jason allowed. “But for most transactions they’re a bit unwieldy. A full Solar is twenty five grams of gold or platinum. Most folks use the smaller coins and bits or a credit card that can shave transactions down to the milligram.” “What would you suggest? I have EuroMark credit, banknotes, and a small amount of Suisse Credit bars. What would be easiest?” “Not that I don’t want the business, but I’m too little a fish to risk handling a large sum of EuroMarks with currency fluctuations being what they are. EMs are depreciating assets anyway. Now, I’d take your gold if you were staying here, but the banks on Home will give you a much better conversion rate, and I’d rather you not be pissed off at me and tell everybody to avoid the scoundrel on ISSII after you found that out. I know the exchange rate looks bad but go back to the Russians and tell them you want to convert your EuroMarks to Australian dollars - they’ll do that. The gold, it don’t matter, it’s not going to fluctuate in value very much. If you finish up your business and want to take any of it back to France you can’t take it as Solars and you’d have to pay for a second exchange.” “I never said I was French, nor did I mention speaking with the Russians.” “I hear your vowels and can place your province if not your town under that fancy Parisian accent. It’s five hundred and twenty of my steps from here to the bank and Peter called and told me you were on your way. As I said, it’s like a small town here. If you sneeze

Collectively you and your coworkers now control your company. You’re more like citizens of a community than owners. You just have to pay a tax on its capital assets (the building and the land it’s on, machinery, and so forth), in effect renting it from society as a whole. (To preserve the value of the capital stock in your care, a depreciation fund must be set up for repairs and improvements.)10 Your tax goes into a public fund, which invests in new endeavors. More about that later. But the tax you pay also solves the problem of different production processes having

A new car costs $32,000. It is expected to depreciate 12% each year for 4 years and then depreciate 8% each year thereafter. Find the value of the car in 6 years.

Millionaires and Billionaires buy assets, tangible, and intangible. Therefore, in most cases properties are bought alongside expensive cars, the value that is stored in such purchases has a higher interest in the longer term, even though some are depreciating assets and liabilities

Kindness is the currency of the heart, and its value never depreciates.