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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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  14  /  19  

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell read more

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.

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  13  /  11  

Only the little people pay taxes.

Only the little people pay taxes.

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  12  /  21  

The "human condition" is always to push forward for the better and economics is the study of that process.

The "human condition" is always to push forward for the better and economics is the study of that process.

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  30  /  22  

Money never starts an idea; it is the idea that starts the money.

Money never starts an idea; it is the idea that starts the money.

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  12  /  21  

The essence of wealth is the capacity to control the forces of nature, and the extent of wealth depends upon read more

The essence of wealth is the capacity to control the forces of nature, and the extent of wealth depends upon the level of technology and the ability to create new knowledge.

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  5  /  11  

In a trader-dominated society, the scribe is usually kept out of the management of affairs, but it given a more read more

In a trader-dominated society, the scribe is usually kept out of the management of affairs, but it given a more or less free hand in the cultural field. By frustrating the scribe's craving for commanding action, the trader draws upon himself the scribe's wrath and scorn.

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  17  /  20  

I wake up every morning and thank God I’m not a chartered accountant any longer, but involved with property.

I wake up every morning and thank God I’m not a chartered accountant any longer, but involved with property.

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  18  /  20  

I'm not a driven businessman, but a driven artist. I never think about money. Beautiful things make money.

I'm not a driven businessman, but a driven artist. I never think about money. Beautiful things make money.

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  18  /  14  

The financial climate is the worst it's been in 25 years.

The financial climate is the worst it's been in 25 years.

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