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    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.

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It is your people who make the ultimate difference. You put the investment into training the people and then, when read more

It is your people who make the ultimate difference. You put the investment into training the people and then, when you get invited to the party with the big boys, that is a unique selling point.

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A fool and his money are soon parted. - Five Hundred Points of Good Husbandry.

A fool and his money are soon parted. - Five Hundred Points of Good Husbandry.

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Ask five economists and you'll get five different answers (six if one went to Harvard).

Ask five economists and you'll get five different answers (six if one went to Harvard).

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  16  /  16  

Every day is a gift- even if it sucks.

Every day is a gift- even if it sucks.

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He that is rich is wise.

He that is rich is wise.

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Whenever you are asked if you can do a job, tell 'em, "Certainly, I can!" Then get busy and find read more

Whenever you are asked if you can do a job, tell 'em, "Certainly, I can!" Then get busy and find out how to do it.

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Don't buy the house, buy the neighborhood.

Don't buy the house, buy the neighborhood.

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The "human condition" is always to push forward for the better and economics is the study of that process.

The "human condition" is always to push forward for the better and economics is the study of that process.

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If you do it right 51 percent of the time you will end up a hero.

If you do it right 51 percent of the time you will end up a hero.

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