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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 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.

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Debt is the worst poverty.

Debt is the worst poverty.

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We Asians are the original Conservatives because for thousands of years we have believed in free enterprise… you have just read more

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The world does not pay for what a person knows, but it pays for what a person does with what read more

The world does not pay for what a person knows, but it pays for what a person does with what he knows.

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In the midst of life we are in debt.

In the midst of life we are in debt.

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Uncle claims that if he files his income tax wrong he'll go to jail, and if he files it right read more

Uncle claims that if he files his income tax wrong he'll go to jail, and if he files it right he'll go to the poor house.

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The absolute fundamental aim is to make money out of satisfying customers.

The absolute fundamental aim is to make money out of satisfying customers.

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Satiety is a mongrel that barks at the heels of plenty.

Satiety is a mongrel that barks at the heels of plenty.

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A man's indebtedness is not virtue; his repayment is. Virtue begins when he dedicates himself actively to the job of read more

A man's indebtedness is not virtue; his repayment is. Virtue begins when he dedicates himself actively to the job of gratitude.

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An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.

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