“There are many excuses for the person who made the mistake of confounding money and wealth. Like many others they mistook the sign for the thing signified.” PersonsMadeWealthMistakeExcuseConfounding Book:Political Economy for Beginners Source: Political Economy for Beginners
“capital is the result of saving, and not of spending. The spendthrift who wastes his substance in riotous living decreases the capital of the country, and therefore the excuse often made for extravagance, that it is good for trade, is based upon false notions respecting capital.” MadeCountryResultsWasteEconomicsTradeNotionExcuseSpendingSavingSubstanceDecreaseExtravaganceSpendthrift Book:Political Economy for Beginners Source: Political Economy for Beginners
