Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And when a person does not understand the creation of resources and wealth, the only intellectual alternative is to believe that increasing wealth must be at the cost of someone else. This belief that our good fortune must be an exploitation of others may be the taproot of false prophecy about doom that our evil ways must bring upon us.
You May Also Like / View all maxioms
There is no expedient to which a man will not resort to avoid the real labor of thinking.
There is no expedient to which a man will not resort to avoid the real labor of thinking.
We've entered an era when very good, competent people aren't getting jobs. One remedy is to stand out, to self-promote. read more
We've entered an era when very good, competent people aren't getting jobs. One remedy is to stand out, to self-promote. If you do, you're going to get the nod over some co-worker.
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.
Money is a terrible master but an excellent servant.
Money is a terrible master but an excellent servant.
There are two things needed in these days; first, for rich men to find out how poor men live; and read more
There are two things needed in these days; first, for rich men to find out how poor men live; and second, for poor men to know how rich men work.
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer read more
The rich adopt novelties and become accustomed to their use. This sets a fashion which others imitate. Once the richer classes have adopted a certain way of living, producers have an incentive to improve the methods of manufacture so that soon it is possible for the poorer classes to follow suit. Thus luxury furthers progress. Innovation "is the whim of an elite before it becomes a need of the public. The luxury today is the necessity of tomorrow." Luxury is the roadmaker of progress: it develops latent needs and makes people discontented. In so far as they think consistently, moralists who condemn luxury must recommend the comparatively desireless existence of the wild life roaming in the woods as the ultimate ideal of civilized life.
Wealth maketh many friends. [Proverbs 19:4].
Wealth maketh many friends. [Proverbs 19:4].
Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.
Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.
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.
