“Having an actual income can expand your romantic horizons toward the more appealing end of the spectrum.” EndsIncomeHorizonSpectrum Book:Oh, the Things I Know! Source: Oh, the Things I Know!
“Greater consumption due to increase in population and growth of income heightens scarcity and induces price run-ups. A higher price represents an opportunity that leads inventors and businesspeople to seek new ways to satisfy the shortages. Some fail, at cost to themselves. A few succeed, and the final result is that we end up better off than if the original shortage problems had never arisen. That is, we need our problems, though this does not imply that we should purposely create additional problems for ourselves.” IfsWayNeedsShouldDoeEndsProblemRunningOpportunityGrowthResultsGreaterFailingHigherCostSucceedIncreaseOriginalsFinalsPopulationDuesIncomeConsumptionNew WaysBetter OffInventorShortageScarcity Author:Julian Simon
“If this is the degree of inflation planned for in advance, the real outcome is indeed likely to be such that most of those who will retire at the end of the century will be dependent on the charity of the younger generation. And ultimately not morals but the fact that the young supply the police and the army will decide the issue: concentration camps for the aged unable to maintain themselves are likely to be the fate of an old generation whose income is entirely dependent on coercing the young.” IfsRealEndsFactsYoungMoralIssuesFateGenerationsCenturyDegreesArmyPoliceCharityIncomeOutcomesDependentConcentrationCampsRetiringInflationYounger GenerationConcentration Camp Author:Friedrich August von Hayek
“Chefs have only been able to work in restaurants, high-end cuisine. Why? Why haven't they been able to find other scenarios? For those chefs who want to do avant-garde cuisine, should they be finding their income in a restaurant? These are the kind of questions we are asking ourselves. So the new scenario will allow them to do whatever they want to do, whenever they want to do it.” WantShouldKindEndsAbleHavensFindingsAskingIncomeRestaurantsChefScenariosCuisineAvant Garde Author:Ferran Adria