Today is a... digital incarnation of Oz - the Internet - we are a motley group of fools from lions read more

Today is a... digital incarnation of Oz - the Internet - we are a motley group of fools from lions to scarecrows, learning from each other, making and taking responsibility for our decisions, and having fun as we skip down the yellow brick road of investing together!

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.

I don't even get an allowance.

I don't even get an allowance.

In the midst of life we are in debt.

In the midst of life we are in debt.

Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and read more

Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and power to consummate their entrepreneurial ideas.

The herd instinct among forecasters makes sheep look like independent thinkers.

The herd instinct among forecasters makes sheep look like independent thinkers.

The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. read more

The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.

Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.

Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.

When you hire people that are smarter than you are, you prove you are smarter than they are.

When you hire people that are smarter than you are, you prove you are smarter than they are.