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Quote by Rumi

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Rumi
Rumi

Rumi, also known as Jalal al-Din Rumi, was a 13th-century Persian poet and Sufi mystic. His poetry is renowned for its profound philosophy, beautiful language, and strong emotions, and has had a profound impact on the world. more

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“History does not provide any example of capital accumulation brought about by a government. As far as governments invested in the construction of roads, railroads, and other useful public works, the capital needed was provided by the savings of individual citizens and borrowed by the government.”

DoeGovernmentIndividualExampleNeededCitizensSavingConstructionSavingsAccumulationBorrowedRailroads
Book:Human action: a treatise on economics
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“Well, jobs are a great thing. You have to be a bit careful: If you raise the minimum wage, you’re encouraging labor substitution and you’re going to go buy machines and automate things - or cause jobs to appear outside of that jurisdiction. And so within certain limits, you know, it does cause job destruction. If you really start pushing it, then you’re just making a huge trade-off.”

IfsKnowsWellsDoeJobsCertainCausesBitsHugeLimitsLaborDestructionMachinesRaisesTradeCarefulGreat ThingsPushingMinimumMinimum WageSubstitutionJurisdictionTrade OffsPushing It
Author:Bill Gates
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“True, governments can reduce the rate of interest in the short run. They can issue additional paper money. They can open the way to credit expansion by the banks. They can thus create an artificial boom and the appearance of prosperity. But such a boom is bound to collapse soon or late and to bring about a depression.”

WayGovernmentRunningInterestIssuesPaperLateRateBoundsProsperityAppearanceCreditArtificialCollapseExpansionPaper Money
Book:Omnipotent Government: The Rise of the Total State and Total War
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