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    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.

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Profits are like breathing. You have to have them. But who would stay alive just to breathe?

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Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I read more

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The dynamics of capitalism is postponement of enjoyment to the constantly postponed future.

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He who lives by the crystal ball soon learns to eat ground glass.

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

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If your desires be endless, your cares and fears will be so too.

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Because bankers measure their self-worth in money, and pay themselves a lot of it, they think they're fine fellows and read more

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It is time that financial types developed a greater tolerance for imprecision, because that’s the way the world is.

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There ain't no such thing as a free lunch."
A Libertarian Movement slogan - The Moon Is a Harsh Mistress, read more

There ain't no such thing as a free lunch."
A Libertarian Movement slogan - The Moon Is a Harsh Mistress, 1907.

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