We live in a time of transition, an uneasy era which is likely to endure for the rest of this century. During the period we may be tempted to abandon some of the time-honored principles and commitments which have been proven during the difficult times of past generations. We must never yield to this temptation. Our American values are not luxuries, but necessities - not the salt in our bread, but the bread itself.
in his farewell address.
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Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.
Nothing hurts more than having to pay an income tax, unless it is not having to pay an income tax.
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.
Concentrate your strengths against your competitor's relative weaknesses.
Concentrate your strengths against your competitor's relative weaknesses.
Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides read more
Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.
The standard of living has risen along with the size of the world's population since the beginning of recorded time. read more
The standard of living has risen along with the size of the world's population since the beginning of recorded time. There is no convincing economic reason why these trends toward a better life should not continue indefinitely.
Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and read more
Capitalists are motivated not chiefly by the desire to consume wealth or indulge their appetites, but by the freedom and power to consummate their entrepreneurial ideas.
Many of the products which create a modern standard of living are only the physical incorporations of ideas- not only read more
Many of the products which create a modern standard of living are only the physical incorporations of ideas- not only the ideas of an Edison or a Ford but the ideas of innumerable anonymous people who figure out the design of supermarkets, the location of gasoline stations, and the million mundane things on which our material well-being depends. Societies which have more people carrying out physical acts and fewer people supplying ideas do not have higher standards of living. Quite the contrary.
Greed is all right, by the way I think greed is healthy. You can be greedy and still feel good read more
Greed is all right, by the way I think greed is healthy. You can be greedy and still feel good about yourself.
The manager with the in basket problem does not yet understand that he must discipline himself to take care of read more
The manager with the in basket problem does not yet understand that he must discipline himself to take care of activities that fail to excite him.
