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Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price read more
Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.
Money is better than poverty, if only for financial reasons.
Money is better than poverty, if only for financial reasons.
Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their read more
Whales only get harpooned when they come to the surface, and turtles can only move forward when they stick their neck out, but investors face risk no matter what they do.
Every day is a gift- even if it sucks.
Every day is a gift- even if it sucks.
The entire essence of America is the hope to first make money -- then make money with money -- then read more
The entire essence of America is the hope to first make money -- then make money with money -- then make lots of money with lots of money.
The real measure of your wealth is how much you'd be worth if you lost all your money.
The real measure of your wealth is how much you'd be worth if you lost all your money.
A consumer is a shopper who is sore about something.
A consumer is a shopper who is sore about something.
What matters is not the allocation of portions out of a fund presented to man by nature. The problem is read more
What matters is not the allocation of portions out of a fund presented to man by nature. The problem is rather to further those social institutions which enable people to continue and to enlarge the production of all those things which they need.
Economics is first and foremost about the thoughts leading up to choice.
Economics is first and foremost about the thoughts leading up to choice.