By creating the European Central Bank, the member states exposed their own government bonds to the risk of default. Developed countries that issue bonds in their own currency never default, because they can always print money. Their currency may depreciate, but the risk of default is absent.
To form our taste, we must neither depreciate nor imitate, but we should understand and originate.
The duty of criticism is neither to depreciate nor dignify by partial representations, but to hold out the light of reason, whatever it may discover; and to promulgate the determinations of truth, whatever she shall dictate
"Well, well!" said my aunt. "I only ask. I don't depreciate her. Poor little couple! And so you think you were formed for one another, and are to go through a party-supper-table kind of life, like two pretty pieces of confectionery, do you, Trot?"
Left untended, knowledge and skill, like all assets, depreciate in value surprisingly quickly.
One of the evils of paper money is that it turns the whole country into stock jobbers. The precariousness of its value and the uncertainty of its fate continually operate, night and day, to produce this destructive effect. Having no real value in itself it depends for support upon accident, caprice, and party; and as it is the interest of some to depreciate and of others to raise its value, there is a continual invention going on that destroys the morals of the country.
The prices of all imports would rise if the dollar depreciates.
Everyone wants a piece of land. It's the only sure investment. It can never depreciate like a car or a washing machine. Land will double its value in ten years. In less than that. Land is going up every day.
Flesh-meats will depreciate the blood. Cook meat with spices, and eat it with rich cakes and pies, and you have a bad quality of blood.
Both in individuals and in masses violent excitement is always followed by remission, and often by reaction. We are all inclined to depreciate whatever we have overpraised, and, on the other hand, to show undue indulgence where we have shown undue rigor.
Envy depreciates the genius of the great Homer.
