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
In suggesting gifts: Money is appropriate, and one size fits all.
In suggesting gifts: Money is appropriate, and one size fits all.
Money talks...but all mine ever says is good-bye.
Money talks...but all mine ever says is good-bye.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
What pays under capitalism is satisfying the common man, the customer. The more people you satisfy, the better for you.
The budget evolved from a management tool into an obstacle to management.
The budget evolved from a management tool into an obstacle to management.
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.
The way to get things done is not to mind who gets the credit for doing them.
The way to get things done is not to mind who gets the credit for doing them.
Commerce is the cure for the most destructive prejudices.
Commerce is the cure for the most destructive prejudices.
The dynamics of capitalism is postponement of enjoyment to the constantly postponed future.
The dynamics of capitalism is postponement of enjoyment to the constantly postponed future.
I'm proud to be paying taxes in the United States. The only thing is -- I could be just as read more
I'm proud to be paying taxes in the United States. The only thing is -- I could be just as proud for half the money.
