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.

It is almost as difficult to keep a first class person in a fourth class job, as it is to read more

It is almost as difficult to keep a first class person in a fourth class job, as it is to keep a fourth class person in a first class job.

Everything starts with the customer.

Everything starts with the customer.

One rose says more than the dozen.

One rose says more than the dozen.

Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a read more

Those fighting for free enterprise and free competition do not defend the interests of those rich today. They want a free hand left to unknown men who will be the entrepreneurs of tomorrow...

So you think that money is the root of all evil. Have you ever asked what is the root of read more

So you think that money is the root of all evil. Have you ever asked what is the root of all money?

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.

In all recorded history there has not been one economist who has had to worry about where the next meal read more

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

The only point in making money is, you can tell some big shot where to go.

The only point in making money is, you can tell some big shot where to go.