Growth Quotes - page 30
Just because Charlie and I can clearly see dramatic growth ahead for an industry does not mean we can judge what its profit margins and returns on capital will be as a host of competitors battle for supremacy. At Berkshire we will stick with businesses whose profit picture for decades to come seems reasonably predictable. Even then, we will make plenty of mistakes.
Warren Buffett
A widely heralded view holds that nuclear power is experiencing a dramatic worldwide revival and vibrant growth, because it's competitive, necessary, reliable, secure, and vital for fuel security and climate protection. That's all false. In fact, nuclear power is continuing its decades-long collapse in the global marketplace because it's grossly uncompetitive, unneeded, and obsolete-so hopelessly uneconomic that one needn't debate whether it's clean and safe; it weakens electric reliability and national security; and it worsens climate change compared with devoting the same money and time to more effective options.
Amory Lovins
An income tax intended to reduce inequality and promote the diffusion of wealth has in practice fostered reinvestment of corporate earnings, thereby favoring the growth of large corporations, inhibiting the operation of the capital market, and discouraging the establishment of new enterprises.
Milton Friedman
For both long and short periods there is a consistent though not precise relation between the rate of growth of the quantity of money and the rate of growth of nominal income. If the quantity of money grows rapidly, so will nominal income, and conversely. The relation is much closer for long than for short periods.
Milton Friedman
Over short periods, the relation between growth in money and growth in nominal income is often hard to see, partly because the relation is less close for short than for long periods, but mostly because it takes time for changes in monetary growth to affect income. And how long a time is itself variable. Today's income growth is not closely related to today's monetary growth; it depends on what has been happening to money in the past. What happens to money today affects what is going to happen to income in the future.
Milton Friedman
Defence was an afterthought, prompted by necessity; and its introduction as a State function, though effected doubtless with a view to the strengthening of the State, was really and in principle the initiation of the State's destruction. Its growth in importance is but an evidence of the tendency of progress toward the abolition of the State.
Benjamin Tucker
We are not sent into this world to walk it in solitude. We are born to love, as we are born to breathe and eat and drink. The babe is hardly separated from his mother's womb before he stretches out a tiny clasping hand, and from that time forth he will constantly stretch out to touch the world that lies about him and the folk that dwell therein. The purpose of our growth in life is to bring us into unity with the universe into which we are born, to make us aware that we are not lonely individual meteors hurtling blindly through an abysmal dark, but living parts of a living whole. As we grow we learn to love more and more: first ourselves; then the family within the small kingdom of the home; then the school, the wider circle of friends, the home community, the college, and the still wider community of the nation; and finally, the greatest country of all, which has no boundaries this side of Hell, and perhaps not even there.
Kenneth Boulding
In the field of modern business, so rich in opportunity for the exercise of man's finest and most varied mental faculties and moral qualities, mere money-making cannot be regarded as the legitimate end. Neither can mere growth of bulk or power be admitted as a worthy ambition. Nor can a man nobly mindful of his serious responsibilities to society view business as a game; since with the conduct of business human happiness or misery is inextricably interwoven.
Louis Brandeis
[O]f articles of food, those which are unsuitable and hurtful to man when administered, every one is either bitter... or saltish or acid, or something else intense and strong, and therefore we are disordered by them... But all those things of which a man eats and drinks are devoid of any such intense and well-marked quality... which man is accustomed to use for food, with the exception of condiments and confectionaries, which are made to gratify the palate and for luxury. And from those things, when received into the body abundantly, there is no disorder nor dissolution of the powers belonging to the body; but strength, growth, and nourishment... for no other reason than because they are well mixed, have no thing in them of an immoderate character, nor anything strong, but the whole forms... [of] simple and not strong substance.
Hippocrates
