Elements Quotes - page 11
Figure 12-6 pulls together in a simplified way the main elements of income determination. Without saving and investment, there would be a circular flow of income between business and the public: above, business pays out wages, interest, rents, and profits to the public in return for the services of labor and property; and below, the public pays consumption dollars to business in return for goods and services.
Realistically, we must recognize that the public will wish to save some of its income, as shown at the spigot Z. Hence, businesses cannot expect their consumption sales to be as large as the total of wages, interest, rents, and profits.
Paul Samuelson
When a nation is invited to join in a union with another, the ignorant, bedazzled statesman might rush into it, young people enamored of beautiful ideas and lacking good sense might celebrate it, and venal or demented politicians might welcome it as a mercy and glorify it with servile words, but he who feels in his heart the anguish of the patria, he who watches and foresees, must investigate and must say what elements constitute the character of the nation that invites and the nation that is invited, and whether they are predisposed toward a common labor by common antecedents and habits, and whether or not it is probable that the fearsome elements of the inviting nation will, in the union it aspires to, be developed to the endangerment of the invited one.
José Martí