If patriotism is, as Dr. Johnson used to remark, the last refuge of the scoundrel, wrapping outdated industry in the mantle of national interest is the last refuge of the economically dispossessed. In economic terms, pleading national interest is the declining cottage industry of those who have been bypassed by the global economy.
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The financial climate is the worst it's been in 25 years.
The financial climate is the worst it's been in 25 years.
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, read more
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.This is known as "bad luck.".
If we devote our time disparaging the products of our business rivals, we hurt business generally, reduce confidence, and increase read more
If we devote our time disparaging the products of our business rivals, we hurt business generally, reduce confidence, and increase discontent.
Satiety is a mongrel that barks at the heels of plenty.
Satiety is a mongrel that barks at the heels of plenty.
When people go to work, they shouldn't have to leave their hearts at home.
When people go to work, they shouldn't have to leave their hearts at home.
It is impossible to understand the history of economic thought if one does not pay attention to the fact that read more
It is impossible to understand the history of economic thought if one does not pay attention to the fact that economics as such is a challenge to the conceit of those in power.
Each man is the smith of his own fortune.
Each man is the smith of his own fortune.
There is no substitute for accurate knowledge. Know yourself, know your business, know your men.
There is no substitute for accurate knowledge. Know yourself, know your business, know your men.
Anybody can cut prices, but it takes brains to produce a better article.
Anybody can cut prices, but it takes brains to produce a better article.
