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An economist's guess is liable to be as good as anybody else's.
An economist's guess is liable to be as good as anybody else's.
The creditor hath a better memory than the debtor.
The creditor hath a better memory than the debtor.
There are only two lasting bequests we can hope to give our children. One of these is roots, the other, read more
There are only two lasting bequests we can hope to give our children. One of these is roots, the other, wings.
The trouble with being poor is that it takes up all your time.
The trouble with being poor is that it takes up all your time.
I don't even get an allowance.
I don't even get an allowance.
He who lives by the crystal ball soon learns to eat ground glass.
He who lives by the crystal ball soon learns to eat ground glass.
Most people...find a disorientating mismatch between the long-term nature of their liabilities and the increasingly short-term nature of their assets.
Most people...find a disorientating mismatch between the long-term nature of their liabilities and the increasingly short-term nature of their assets.
Since man does not create physical matter, those who handle material objects in the production process are not producers in read more
Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.
What the customer demands is last year's model, cheaper. To find out what the customer needs you have to understand read more
What the customer demands is last year's model, cheaper. To find out what the customer needs you have to understand what the customer is doing as well as he understands it. Then you build what he needs and you educate him to the fact that he needs it.
