The principles applied in economic processes are general social principles.

The principles applied in economic processes are general social principles.

I do not regard a broker as a member of the human race.

I do not regard a broker as a member of the human race.

The creditor hath a better memory than the debtor.

The creditor hath a better memory than the debtor.

You can't run a business without taking risks.

You can't run a business without taking risks.

Since man does not create physical matter, those who handle material objects in the production process are not producers in read more

Since man does not create physical matter, those who handle material objects in the production process are not producers in that sense. Economic benefits result from the transformation of matter in form, location, or availability (intellectually or temporally). It is these transformations that create economic benefits valued by consumers, and whoever arranges such transformations contributes to the value of things, whether his hands actually come into contact with physical objects or not.

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

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

Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect read more

Our supplies of natural resources are not finite in any economic sense. Nor does past experience give reason to expect natural resources to become more scarce. Rather, if history is any guide, natural resources will progressively become less costly, hence less scarce, and will constitute a smaller proportion of our expenses in future years.

Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of read more

Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves.

Only the little people pay taxes.

Only the little people pay taxes.