wealth

A Quote by Umair Haque on business, invisible hand, and wealth

The invisible hand is crippled. What’s going on here? Wasn’t the invisible hand supposed to raise everyone into prosperity and well-being?

Yes – but it’s not. The world is getting phenomenally richer – but the costs of that wealth seem to be endemic poverty for vast swathes of the world’s population, the poisoning of the water we drink, the pollution of the air we breathe, and the fraying of the social and cultural fabric that binds us together.

We’re richer, but that wealth doesn’t reflect durable, authentic economic value – which is hitting fast diminishing returns. The growth that we’re pursuing is neither sustainable – nor is it, in many ways, real growth at all. Boardrooms from finance to autos to energy to pharma to fashion have learned that the hard way.

Umair Haque

Source: A Manifesto for the Next Industrial Revolution: http://discussionleader.hbsp.com/haque/2008/06/a_manifesto_for_the_next_indus_1.html

Contributed by: ~C4Chaos

A Quote by Nut Tmu-Ank Butterfly Dreaming on wealth, womenswisdom, intimacy, and nut tmu-ankh butterfly dreaming

Weath is a measure of the degree to which we are willing to share intimacy with our world.

Nut Tmu-Ank Butterfly Dreaming

Source: podcast on orgasmic wealth

Contributed by: Carla

A Quote by Thomas Paine on money, fiat currency, fraud, credit, value, debase, moral, and wealth

Paper money is like dram-drinking, it relieves for a moment by deceitful sensation, but gradually diminishes the natural heat, and leaves the body worse than it found it. Were not this the case, and could money be made of paper at pleasure, every sovereign in Europe would be as rich as he pleased. But the truth is, that it is a bubble and the attempt vanity. Nature has provided the proper materials for money: gold and silver, and any attempt of ours to rival her is ridiculous….

Thomas Paine (1737 - 1809)

Source: http://www.mises.org/story/2942

Contributed by: peter

A Quote by Ludwig von Mises on third world, capital, and wealth

What is lacking to the underdeveloped nations is not knowledge, but capital.

Ludwig von Mises

Source: Mises, Ludwig Von (1962). The Ultimate foundation of Economic Science (2nd ed.). Foundation of Economic Education: Irvington-on-Hudson, NY. p. 127

Contributed by: peter

A Quote by Ludwig von Mises on economic progress, development, wealth, capitalism, economy, politics, and coercion

What is called economic progress is the joint effect of the activities of the three progressive groups—or classes—of the savers, the scientist-inventors, and the entrepreneurs, operating in a market economy as far as it is not sabotaged by the endeavors of the nonprogressive majority of the routinists and the public policies supported by them.

Ludwig von Mises

Source: Mises, Ludwig Von (1962). The Ultimate foundation of Economic Science (2nd ed.). Foundation of Economic Education: Irvington-on-Hudson, NY. p. 127

Contributed by: peter

A Quote by Alan Greenspan on welfare, banking system, inflation, theft, deficit, confiscation, wealth, and property rights

The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.

Alan Greenspan (1926 -)

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, and government

The first cardinal truth of money is that no one, whether individual or government, can issue money without buying something. By inviting government to become a money issuer, we invite it to become our customer. Then we quarrel with it if it tries to buy something that we deem within the province of private enterprise.

The second cardinal truth of money is that money must be backed with something, and the act of backing can only be the act of selling. Since we object to government buying and selling anything useful, but nevertheless insist that it issue money, we force it into boondoggling or public works that do not conflict with our private enterprise. Thus we compel government to issue unbacked money by making it impossible for it to sell anything in exchange for the money it issues. As this process of issuing unbacked money continues, each unit grows weaker and thus the dosage must be increased. Hedged about, as government is, by our objections to its invading private enterprise and yet keeping it under the pressure to issue money, it is ultimately forced to the most consummate public works spending program, which is war.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/intro.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, and government

Money is an instrumentality of the profit motive and must be issued and backed only by private enterprisers. Economic and political perversities are inescapable while government is admitted to money power. Since all national governments have, up to the present, been money issuing powers we may justly attribute all the economic and political ills of mankind to this single error.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/intro.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, and government

When government is invested with money power it rises above the citizen and under the profession of protecting him may actually constitute the greatest threat to his well-being and safety. The power which control of the money system gives to government to interfere in and direct and even take the life of the individual should not exist on this earth. No man or group of men is warranted in holding this terrible power over fellow men.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/intro.htm

Contributed by: peter

A Quote by E. C. Riegel on money, politics, money-making, prosperity, wealth, govern, government, and control

Money power means budget power and it is folly to imagine that the citizen can control government unless he can control its budget.

E. C. Riegel

Source: http://www.mind-trek.com/treatise/ecr-pem/intro.htm

Contributed by: peter

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