Finance came to be viewed as a productive activity itself rather than a means to promote production. The public was no longer buying stock to invest in enterprises that would pay dividends over time, but merely because one could get rich from buying and selling stocks. As more people bought in, stock prices climbed still higher-a dangerous positive feedback loop.
James Howard KunstlerRelated topics
activity bought buying came finance invest longer loop pay people positive production public rich selling stock time means feedback stocksRelated quotes
Everywhere Christians are tempted to take the easy path, to seek "peace" and "security" and flee from pain and affliction, to view life as an occasion for the enjoyment of earthly blessings, instead of a time of trial in which our eternal destiny is to be decided. But God expects more than this from those who glory in the name of Orthodox Christians.
Seraphim Rose
You wish, or rather, have decided, to remove a splinter from someone? Very well, but do not go after it with a stick instead of a lancet for you will only drive it deeper. Rough speech and harsh gestures are the stick, while even-tempered instruction and patient reprimand are the lancet. 'Reprove, rebuke, exhort,' says the Apostle (II Tim. 4:2), not 'batter'.
John Climacus
When you are insulted by someone or humiliated, guard against angry thoughts, lest they arouse a feeling of irritation, and so cut you off from love and place you in the realm of hatred. You should know that you have been greatly benefited when you have suffered deeply because of some insult or indignity; for by means of the indignity self-esteem has been driven out of you.
Maximus the Confessor
When Government has a monopoly of all production and all distribution, as many Governments have, it can not permit any economic activity that competes with it. This means that it can not permit any new use of productive energy, for the new always competes with the old and destroys it. Men who build railroads destroy stage coach lines.
Rose Wilder Lane
Actually, one of the better indicators historically of how well the stock market will do is just a Gallup poll, when you ask Americans if you think it's a good time to invest in stocks, except it goes the opposite direction of what you would expect. When the markets going up, it in fact makes it more prone toward decline.
Nate Silver
