Goods Quotes - Page 8

• The only source of the generation of additional capital goods is saving. If all the goods produced are consumed, no new capital comes into being.

  Ludwig von Mises

  Generations, Saving, Source

  Ludwig Von Mises (1978). “Anti-Capitalistic Mentality, The”, p.84, Ludwig von Mises Institute

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• One of the most important features of our economic resources is their scarcity: land, labor, and capital goods factors are all scarce, and may all be put to various possible uses. The free market uses them 'productively' because the producers are guided, on the market, to produce what the consumers most need: automobiles, for example, rather than buggies.

  Murray Rothbard

  Land, Important, Example

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• Without market prices for capital goods, accounting is not possible. You don't know if you are making money or losing money, saving resources or wasting them, doing the right thing or not doing the right thing.

  Llewellyn Rockwell

  Saving, Losing, Making Money

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• Throughout history governments have been chronically short of revenue. The reason should be clear: unlike you and me, governments do not produce useful goods and services that they can sell on the market; governments, rather than producing and selling services, live parasitically off the market and off society.

  Murray Rothbard

  Government, Like You, Reason

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• Wal-Mart has become the whipping boy for political demagogues, unions and anti-traders. I suggest that they have the wrong target.... Wal-Mart exists and prospers because tens of millions of Americans find Wal-Mart to be a suitable source of goods and services..... unions and anti-traders should direct their outrage and condemnation at the tens of millions of Americans who shop at Wal-Mart and keep it in business.

  Walter E. Williams

  Boys, Political, Target

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• Capital investment in fixed assets that produce real goods is the actual driver of long term economic growth, and until slick financiers hijacked the country with 'new economy' mumbo-jumbo based on computer models and hype most Americans understood this.

  Richard Karn

  Country, Real, Hype

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• Tariffs protect ill-considered government policies, such as costly regulations and high taxes on labor and capital that make our goods uncompetitive in international markets.

  Paul Craig Roberts

  Government, Tariffs, Regulation

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• It [the free market] is an organizational way of doing things, featuring openness, which enables millions of people to cooperate and compete without demanding a preliminary clearance of pedigree, nationality, color, race, religion, or wealth. It demands only that each person abide by voluntary principles, that is, by fair play. The free market means willing exchange; it is impersonal justice in the economic sphere and excludes coercion, plunder, theft, protectionism, and other anti-free market ways by which goods and services change hands.

  Leonard Read

  Mean, Play, Race

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• If people do not consume their whole incomes, the non-consumed surplus can be invested, it increases the amount of capital goods available and thereby makes it possible to embark upon projects which could not be executed before.

  Ludwig von Mises

  People, Income, Increase

  Ludwig Von Mises, Murray Newton Rothbard (1980). “Planning for freedom, and sixteen other essays and addresses”, Libertarian Press, Incorporated

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• The essence and the glory of the free market is that individual firms and businesses, competing on the market, provide an ever-changing orchestration of efficient and progressive goods and services: continually improving products and markets, advancing technology, cutting costs, and meeting changing consumer demands as swiftly and as efficiently as possible.

  Murray Rothbard

  Cutting, Technology, Essence

  Murray Newton Rothbard (1978). “For a New Liberty: The Libertarian Manifesto”, p.242, Ludwig von Mises Institute

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• The big divide in this country is not between Democrats and Republicans, or women and men, but between talkers and doers. Think about the things that have improved our lives the most over the past century - medical advances, the transportation revolution, huge increases in consumer goods, dramatic improvements in housing, the computer. The people who created these things - the doers - are not popular heroes. Our heroes are the talkers who complain about the doers.

  Thomas Sowell

  Country, Hero, Past

  Thomas Sowell (2013). “Ever Wonder Why?: and Other Controversial Essays”, p.204, Hoover Press

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• Economic progress and justice do not consist in superbly equalized destitution, but in the constant creation of more and more goods and services, of more and more wealth and income to be shared.

  Henry Hazlitt

  Justice, Progress, Income

  Henry Hazlitt (1971). “Man Vs. the Welfare State”, p.95, Ludwig von Mises Institute

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• Capital does not 'beget profit' as Marx thought. The capital goods as such are dead things that in themselves do not accomplish anything. If they are utilized according to a good idea, profit results. If they are utilized according to a mistaken idea, no profit or losses result. It is the entrepreneurial decision that creates either profit or loss.

  Ludwig von Mises

  Loss, Ideas, Decision

  Ludwig Von Mises (1974). “Planning for freedom, and twelve other essays and addresses”

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• We must not cast away riches which can benefit our neighbor. Possessions were made to be possessed; goods are called goods because they do good, and they have been provided by God for the good of men: they are at hand and serve as the material, the instruments for a good use in the hand of him who knows how to use them.

  Clement of Alexandria

  Men, Hands, Benefits

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• We are so accustomed to the miracle of private enterprise that we habitually take it for granted. But how does private industry solve the incredibly complex problem of turning out tens of thousands of different goods and services in the proportions in which they are wanted by the public? ... It solves these problems through the institutions of private property, competition, the free market, and the existence of money - through the interrelations of supply and demand, costs and prices, profits and losses.

  Henry Hazlitt

  Loss, Miracle, Competition

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• Unless we love natural goods - sex, alcohol, food, money, success, power - in the way God intended, we become their slaves, as any addict can attest.

  Philip Yancey

  Sex, Alcohol, Way

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• If one sentence were to sum up the mechanism driving the Great Stagnation, it is this: Recent and current innovation is more geared to private goods than to public goods. That simple observation ties together the three major macroeconomic events of our time: growing income inequality, stagnant median income, and the financial crisis.

  Tyler Cowen

  Simple, Ties, Innovation

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• Most people will see declining returns [due to inflation]. One of the great defenses if you're worried about inflation is not to have a lot of silly needs in your life - you don't need a lot of material goods.

  Charlie Munger

  Silly, People, Needs

  Charlie Munger's remarks at the 2004 Berkshire Hathaway Annual Meeting in Omaha, Nebraska, www.tilsonfunds.com. May 1, 2004.

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• Recipients of transfers set a bad example for others, including their children, other relatives, and friends, who see that one can receive goods, services, or money from the government without earning them. The onlookers easily adopt an attitude that they, too, are entitled to such transfers. They have fewer examples of hardworking, self-reliant people in their families or neighborhoods.

  Robert Higgs

  Children, Attitude, Government

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• What I'm really focused on is the majesty of the best films I see are films that don't panhandle for an extra laugh later, but actually deliver the goods. And when the screen goes black, you go, Yes.

  James Mangold

  Laughing, Black, Majesty

  Source: collider.com

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• One of the dirty little secrets of the stock market rally is that the rising corporate profits that powered it are largely phantom profits. They are artifacts of currency devaluation, not an increase in efficiency or production of goods and services.

  Charles Hugh Smith

  Dirty, Secret, Rising

  "Phantom Profits Will Vanish As The Dollar Strengthens" by Charles Hugh Smith, www.businessinsider.com. February 22, 2012.

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• Those instrumental goods which should serve to maintain the life and health of all human beings should be produced by the least possible labour of all.

  Albert Einstein

  Wise, Should, Humans

  Albert Einstein (2013). “Einstein on Politics: His Private Thoughts and Public Stands on Nationalism, Zionism, War, Peace, and the Bomb”, p.433, Princeton University Press

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• In working on any one problem, such as higher minimum wages, so many other issues come into play, such as some businesses possibly closing down, thus creating fewer jobs and more unemployment and incentivizing companies to import more goods from abroad, which leads to even less employment at home, and so on.

  Philip Kotler

  Jobs, Home, Play

  Source: bobmorris.biz

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• What are American dry-goods? asked the duchess, raising her large hands in wonder and accentuating the verb. American novels, answered Lord Henry.

  Oscar Wilde

  Hands, Verbs, Lord Henry

  Oscar Wilde (2005). “Picture of Dorian Gray”, p.40, Prestwick House Inc

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• Look at all the things that can go wrong for men. There’s the nothing-happening-at-all problem, the too-much-happening-too-soon problem, the dismal-droop-after-a-promising-beginning problem; there’s the size-doesn’t-matter-except-in-my-case problem, the failing-to-deliver-the-goods problem…and what do women have to worry about? A handful of cellulite? Join the club. A spot of I-wonder-how-I-rank? Ditto.

  Nick Hornby

  Men, Worry, Looks

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