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Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to read more
Price fixing does not represent simply windfall gains and losses to particular groups according to whether the price happens to be set higher or lower than it would be otherwise. It represents a net lose to the economy as a whole to the extent that many transactions do not take place at all, because the mutually acceptable possibilities have been reduced.
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.
My father taught me to work; he did not teach me to love it.
My father taught me to work; he did not teach me to love it.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell read more
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.
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.
A gift blinds the wise and perverts the words of the righteous.
A gift blinds the wise and perverts the words of the righteous.
People who work sitting down get paid more than people who work standing up.
People who work sitting down get paid more than people who work standing up.
Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price read more
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.
Taxation WITH representation ain't so hot either.
Taxation WITH representation ain't so hot either.
