Quotation by

Ron Chernow

The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

Ron Chernow

Faith

Understanding this quote AI Analysis

During the 1970s, high inflation caused the value of money to drop quickly, so investments like bonds lost their purchasing power. This made people lose trust in assets that were based on paper money, as their worth could shrink unexpectedly.

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Be faithful in small things because it is in them that your strength lies.

Faith is taking the first step even when you don't see the whole staircase.

Take the first step in faith. You don't have to see the whole staircase, just take the first step.

All who call on God in true faith, earnestly from the heart, will certainly be heard, and will receive what they have asked and desired.

Before the throne of the Almighty, man will be judged not by his acts but by his intentions. For God alone reads our hearts.

That deep emotional conviction of the presence of a superior reasoning power, which is revealed in the incomprehensible universe, forms my idea of God.