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Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements read more
Perhaps the most widespread misunderstanding of economics is that it applies solely to financial transactions. Frequently this leads to statements that "there are noneconomic values" to consider. There are, of course, noneconomic values. Indeed, there are only noneconomic values. Economics is not a value itself but merely a method of trading off one value against another.
The trouble with being poor is that it takes up all your time.
The trouble with being poor is that it takes up all your time.
The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. read more
The most important benefit of population size and growth is the increase it brings to the stock of useful knowledge. Minds matter economically as much as, or more than, hands or mouths.
We've entered an era when very good, competent people aren't getting jobs. One remedy is to stand out, to self-promote. read more
We've entered an era when very good, competent people aren't getting jobs. One remedy is to stand out, to self-promote. If you do, you're going to get the nod over some co-worker.
Capital can do nothing without brains to direct it.
Capital can do nothing without brains to direct it.
Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I read more
Every few seconds it changes - up an eighth, down an eighth - it's like playing a slot machine. I lose $20 million, I gain $20 million.
Entrepreneurship is the last refuge of the trouble making individual.
Entrepreneurship is the last refuge of the trouble making individual.
Avarice has ruined more souls than extravagance.
Avarice has ruined more souls than extravagance.
The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
The first condition for the establishment of perpetual peace is the general adoption of the principles of laissez-faire capitalism.
