Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
Such is the cost of immortality. No person is whole. No person is free. Over time, some have determined that the only way to live is to die. In death, a man or a woman is free of the weight of the past [and the future].
The lure of the past came up to grab me. To see a dagger slowly appearing, with its gold glint, through the sand was romantic. The carefulness of lifting pots and objects from the soil filled me with a longing to be an archaeologist myself.
I don't just want my books to be about the '30s and '40s. I want them to read as if they had been written then. I think of them as '40s novels, written in the conservative narrative past.
We all live in the past, because there is nothing else to live in. To live in the present is like proposing to sit on a pin. It is too minute, it is too slight a support, it is too uncomfortable a posture, and it is of necessity followed immediately by totally different experiences, analogous to those of jumping up with a yell.
Earnest Freethinkers need not worry themselves so much about the persecutions of the past. Before the Liberal idea is dead or triumphant we shall see wars and persecutions the like of which the world has never seen.
If in the past, after every lost war, the unlucky vanquished were divested forever of their honor and their equality of rights, the League of Nations would even now have to be satisfied with a whole series of non-equal and thus ultimately dishonorable and inferior nations.
Through the ghoul-guarded gateways of slumber, Past the wan-mooned abysses of night, I have lived o'er my lives without number, I have sounded all things with my sight.
I can easily imagine Obama sitting down and talking to any leader - or any person - in the world, with no baggage of past servitude or race supremacy to mar their talks.
Zen is a liberation from time. For if we open our eyes and see clearly, it becomes obvious that there is no other time than this instant, and that the past and the future are abstractions without any concrete reality.
I think that part of my optimism comes from the belief that we as a people could actually, regardless of all the disadvantage of the past, regardless of the fact that a lot of other folks got a head start in the race, if we were able to make the race fair right now.
We are living in a culture entirely hypnotized by the illusion of time, in which the so-called present moment is felt as nothing but an infinitesimal hairline between a causative past and an absorbingly important future. We have no present. Our consciousness is almost completely preoccupied with memory and expectation. We do not realize that there never was, is, nor will be any other experience than present experience. We are therefore out of touch with reality.
He is not dead, this friend; not dead, Gone some few, trifling steps ahead, And nearer to the end; So that you, too, once past the bend, Shall meet again, as face to face, this friend You fancy dead.