“The Internet will not become a money machine until the banking industry figures out how to transfer money for free so you can charge USD 0.005 (half a cent) for some simple service like, say, reading a newspaper article you have searched for. With today's payment system, the cost of the transfer of the funds completely dwarf the cost of the service paid for. ... This situation, however, is what acutely prevents the Internet from taking off as a network for paid services.” TodayReadingSimpleHalfSituationFiguresIndustryInternetCostMachinesPaidNewspapersFundArticlesCentsBankingPaymentTransfersDwarfsDwarves Author:Erik Naggum
“It would be a very odd chancellor of any UK government that insisted on a course of action that cost their own businesses hundreds of millions of pounds, that blew a massive hole in their balance of payments and, because assets and liabilities go hand in hand, would potentially leave the rest of the UK shouldering the entirety of UK debt.” HandsGovernmentWould BeActionCoursesMillionsBalanceCostDebtHolesOddPoundsMassiveAssetsPaymentHand In HandOwn BusinessLiabilityEntiretyAssets And Liabilities Author:Nicola Sturgeon
“Similarly, payments for a dead soldier amount to only $500,000, which is far less than standard estimates of the lifetime economic cost of a death. This statistical value of a life in the US amounts to circa $6.5 million.” ValuesMillionsEconomicAmountCostStandardsLifetimeSoldierPaymentDead Soldiers Author:Joseph Stiglitz
“Transfer payments discourage the recipients from earning income in the present and from investing in their potential to earn income in the future. People respond to a reduced cost of idleness by choosing to be idle more often.” PeopleCostInvestingIncomeIdleEarningIdlenessPaymentDiscouragingTransfers Author:Robert Higgs
“Requiring the payment of higher wages will lead to a loss of some jobs and a raising of prices which drives companies to search for automation to reduce costs. On the other hand, those receiving higher wages will spend more (the marginal propensity to consume is close to 1 for low income earners) and this will increase demand for additional goods and services. Henry Ford had the clearest vision of why companies can actually benefit by paying higher wages.” HandsJobsLossCompanyVisionHigherCostDemandBenefitsLowsIncreaseIncomeGoodsReceivingWagesPaymentPropensityGoods And ServicesLow IncomeAutomation Author:Philip Kotler
“Man was entering under false pretenses the sphere of incredible facilities, acquired too cheaply, below cost price, almost for nothing, and the disproportion between outlay and gain, the obvious fraud on nature, the excessive payment for a trick of genius, had to be offset by self-parody.” MenSelfGeniusCostGainsIncrediblesObviousTricksFraudSpheresEnteringPaymentFacilityPretenseParody Book:The street of crocodiles and other stories Source: The street of crocodiles and other stories