-
By AnonymRuss Roberts
Adam Smith was not a big fan of the pursuit of fame and fortune. His view of what we truly want, of what really makes us happy, cuts to the core of things. It takes him only twelve words to get to the heart of the matter: Man naturally desires, not only to be loved, but to be lovely.
00 -
By AnonymRuss Roberts
Capitalism involves struggle, but it has an invisible heart beating at its core that transforms people's lives.
00 -
By AnonymRuss Roberts
I believe the power of Economics is to help provide a unique lens for looking at the world.
00 -
By AnonymRuss Roberts
Self-deception can be more comforting than self-knowledge. We like to fool ourselves.
00 -
By AnonymRuss Roberts
The incredible stability in inflation is really a novel human experience. And the inflation is being the result of money.
00 -
By AnonymRuss Roberts
Under capitalism, man oppresses man. But under socialism, it's the other way around.
00 -
By AnonymRuss Roberts
Welcome to the wonderful world of economics. Everything precious in life has a cost.
00 -
By AnonymRuss Roberts
I have a friend with an incredibly demanding job that he doesn't particularly enjoy. But he puts up with it because he makes a lot of money, much more than he could make working for another company of doing something else. He has high blood pressure. His children get older every year. He complains about the stresses of his life and asks for my advice. Quit your job, I tell him. Earn less money. Spend more time with your wife and kids. Be happier. I can’t, he says. I have all these big deals in the works. Let me win those contracts, bag those bonuses. Next year I'll quit and slow down. But when next year comes along, he tells me about the new deals and the new bonuses. Next year is always a year away. Every year his salary grows. Every few years he moves into a bigger house and gets a new car. Is he happier? Evidently not. Despite the larger salary and the bigger house and the nicer car, he's not content. “Just one more year”, he says, “then I’ll have enough
00