When you hire people that are smarter than you are, you prove you are smarter than they are.

When you hire people that are smarter than you are, you prove you are smarter than they are.

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.

Everything starts with the customer.

Everything starts with the customer.

Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it read more

Business is a means- the only means- to increase the quantity of goods available for preserving life and rendering it more agreeable.

There is no glory in outstripping donkeys.

There is no glory in outstripping donkeys.

It is only when the rich are sick that they fully feel the impotence of wealth.

It is only when the rich are sick that they fully feel the impotence of wealth.

Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and read more

Nothing is so well calculated to produce a death-like torpor in the country as an extended system of taxation and a great national debt.

Every era has a currency that buys souls. In some the currency is pride, in others it is hope, in read more

Every era has a currency that buys souls. In some the currency is pride, in others it is hope, in still others it is a holy cause. There are of course times when hard cash will buy souls, and the remarkable thing is that such times are marked by civility, tolerance, and the smooth working of everyday life.

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.