Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.
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Based on first-hand evidence of your own senses - the improved health and later ages at which acquaintances die nowadays read more
Based on first-hand evidence of your own senses - the improved health and later ages at which acquaintances die nowadays as compared with the past; the material goods that we now possess; the speed at which information, entertainment, and we ourselves move freely throughout the world - it seems to me that a person must be literally deaf and blind not to perceive that humanity is in a much better state than ever before.
The standard of living has risen along with the size of the world's population since the beginning of recorded time. read more
The standard of living has risen along with the size of the world's population since the beginning of recorded time. There is no convincing economic reason why these trends toward a better life should not continue indefinitely.
For me, hard work represents the supreme luxury of life.
For me, hard work represents the supreme luxury of life.
One rose says more than the dozen.
One rose says more than the dozen.
Money is something you got to make in case you don't die.
Money is something you got to make in case you don't die.
I'm proud to be paying taxes in the United States. The only thing is -- I could be just as read more
I'm proud to be paying taxes in the United States. The only thing is -- I could be just as proud for half the money.
The boss must first distinguish between action information and status information. He must discipline himself not to act on problems read more
The boss must first distinguish between action information and status information. He must discipline himself not to act on problems his managers can solve, and never to act on problems when he is explicitly reviewing status. I once knew a boss who invariably picked up the phone to give orders before the end of the first paragraph in a status report. That response is guaranteed to squelch full disclosure.
Satiety is a mongrel that barks at the heels of plenty.
Satiety is a mongrel that barks at the heels of plenty.
If your outgo exceeds your income, then your upkeep will be your downfall.
If your outgo exceeds your income, then your upkeep will be your downfall.
