Money, as a category, doesn't deserve love, respect nor hate. It's a category towards which you mustn't have emotions. Money is just an instrument.
Submitted by JelenaKrstic 8 months ago
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(the subprime fallout) ``will not affect the economy overall.''
Submitted by vladimir almost 2 years ago
1 love
(the subprime fallout) ``will not affect the economy overall.''
Submitted by vladimir almost 2 years ago
1 love
the fallout in subprime mortgages is going to be painful to some lenders, but it is largely contained
Submitted by vladimir almost 2 years ago
1 love
the fallout in subprime mortgages is going to be painful to some lenders, but it is largely contained
Submitted by vladimir almost 2 years ago
1 love
The problem with economists is that they have the reasoning skills of pop-psychologists and the charisma of mathematicians.
— Deome
Submitted by Deome about 2 years ago
1 love
It's time for policy makers to start paying attention, and listen to psychologists a little bit instead of economists.
Submitted by ron about 2 years ago
1 love
The traditional law and economics response is that rationality is simply an abstraction developed as a useful model of predicting the behavior of large numbers of people and, as such, does not purport to describe real people embedded in a real social order.
Submitted by bush13 over 2 years ago
2 loves
You compare the nation, perhaps, to a parched tract of land, and the tax to a fertilizing rain. Be it so. But you ought also to ask yourself where are the sources of this rain and whether it is not the tax itself which draws away the moisture from the ground and dries it up?
Submitted by johan over 2 years ago
1 love
It is not seen that as our shopkeeper has spent six francs upon one thing, he cannot spend them upon another. It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented.
Submitted by johan over 2 years ago
1 love
But if, on the other hand, you come to the conclusion, as is too often the case, that it is a good thing to break windows, that it causes money to circulate, and that the encouragement of industry in general will be the result of it, you will oblige me to call out, "Stop there! your theory is confined to that which is seen; it takes no account of that which is not seen."
Submitted by johan over 2 years ago
1 love
In epochs when cash payment has become the sole nexus of man to man.
Submitted by pandorasinbox over 2 years ago
1 love
You cannot now, if you ever could, spend your way out of a recession.
Submitted by pandorasinbox over 2 years ago
2 loves