Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.This is known as "bad luck.".
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Not understanding the process of a spontaneously-ordered economy goes hand-in-hand with not understanding the creation of resources and wealth. And read more
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.
I work in a strange business, and trust is a word that's not even in the vocabulary.
I work in a strange business, and trust is a word that's not even in the vocabulary.
We are all manufacturers. Making good, making trouble, or making excuses.
We are all manufacturers. Making good, making trouble, or making excuses.
Money never starts an idea; it is the idea that starts the money.
Money never starts an idea; it is the idea that starts the money.
You don't manage people; you manage things. You lead people.
You don't manage people; you manage things. You lead people.
An economist's guess is liable to be as good as anybody else's.
An economist's guess is liable to be as good as anybody else's.
The 1990s customer expects service to be characterized by fast and efficient computer-based systems.
The 1990s customer expects service to be characterized by fast and efficient computer-based systems.
If we devote our time disparaging the products of our business rivals, we hurt business generally, reduce confidence, and increase read more
If we devote our time disparaging the products of our business rivals, we hurt business generally, reduce confidence, and increase discontent.
