In its famous paradox, the equation of money and excrement, psychoanalysis becomes the first science to state what common sense read more

In its famous paradox, the equation of money and excrement, psychoanalysis becomes the first science to state what common sense and the poets have long known -- that the essence of money is in its absolute worthlessness.

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.

The creditor hath a better memory than the debtor.

The creditor hath a better memory than the debtor.

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.

I get so tired listening to one million dollars here, one million dollars there, it's so petty.

I get so tired listening to one million dollars here, one million dollars there, it's so petty.

A rich man is nothing but a poor man with money.

A rich man is nothing but a poor man with money.

The way to get things done is not to mind who gets the credit for doing them.

The way to get things done is not to mind who gets the credit for doing them.

Our job is not to set things right but to see them right.

Our job is not to set things right but to see them right.

Utility is our national shibboleth: the savior of the American businessman is fact and his uterine half-brother, statistics.

Utility is our national shibboleth: the savior of the American businessman is fact and his uterine half-brother, statistics.