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I have concluded that most PhD economists under appraise the power of the common-stock-based "wealth effect," under current extreme conditions... "Wealth effects" involve mathematical puzzles that are not nearly so well worked out as physics theories and never can be... What has happened in Japan over roughly the last ten years has shaken up academic economics, as it obviously should, creating strong worries about recession from "wealth effects" in reverse.
Charlie MungerIf we have not developed a reservoir of spiritual wealth, no amount of money is likely to make us happy. Spiritual wealth provides faith. It gives us love. It brings and expands wisdom. Spiritual wealth leads to happiness because it guides us into useful or loving relationships.
John TempletonLampis the ship owner, on being asked how he acquired his great wealth, replied, My great wealth was acquired with no difficulty, but my small wealth, my first gains, with much labor.
EpictetusIn Aryans' Discipline, to build a friendship is to build wealth, To maintain a friendship is to maintain wealth and To end a friendship is to end wealth.
Gautama BuddhaOur assaults on the ecosystem are so powerful, so numerous, so finely interconnected, that although the damage they do is clear, it is very difficult to discover how it was done. By which weapon? In whose hand? Are we driving the ecosphere to destruction simply by our growing numbers? By our greedy accumulation of wealth? Or are the machines which we have built to gain this wealth-the magnificent technology that now feeds us out of neat packages, that clothes us in man-made fibers, that surrounds us with new chemical creations-at fault?
Barry CommonerAny society that values wealth above freedom will lose its freedom, and will ultimately lose its wealth as well
W. Somerset MaughamTrue wealth is having a healthy mind, body, and spirit. True wealth is having the knowledge to maneuver and navigate the mental obstacles that inhibit your ability to soar.
RuPaulThe sculptor will chip off all unnecessary material to set free the angel. Nature will chip and pound us remorselessly to bring out our possibilities. She will strip us of wealth, humble our pride, humiliate our ambition, let us down from the ladder of fame, will discipline us in a thousand ways, if she can develop a little character. Everything must give way to that. Wealth is nothing, position is nothing, fame is nothing, manhood is everything.
Orison Swett MardenCreativity is the foundation of wealth. All progress comes from the creative minority. Under capitalism, wealth is less a stock of goods than a flow of ideas, the defining characteristic of which is surprise. If it were not surprising, we could plan it, and socialism would work.
George GilderGovernment has no wealth, and when a politician promises to give you something for nothing, he must first confiscate that wealth from you -- either by direct taxes, or by the cruelly indirect tax of inflation.
John WayneThe lust of avarice as so totally seized upon mankind that their wealth seems rather to possess them than they possess their wealth.
Pliny the ElderThe greatest good we can do for anyone is not to share our wealth with them, but rather to reveal their own wealth to them. It's astonishing how much talent and ability rests inside a human being
Zig ZiglarThose who have not found their true wealth, which is the radiant joy of Being and the deep, unshakable peace that comes with it, are beggars, even if they have great material wealth.
Eckhart TolleIn the free market, a man born into wealth or who has otherwise acquired great riches can lose his fortune depending on how he chooses to behave. Conversely, a man born into poverty or who has lost wealth once obtained can acquire a fortune, depending, again, on how he chooses to behave.
Mark LevinLove, when it came and knocked on my door, was going to be enough. And that unknown author who'd written that if you had fame, it was not enough, and if you had wealth as well, it was still not enough, and if you had fame, wealth, and also love ... still it was not enough - boy, did I feel sorry for him.
Virginia C. AndrewsEven if the wealth and power be well distributed throughout a community, its members will not be happy unless they are inwardly so, and obviously where the distribution is bad, where the few have a vast superfluity and the many are consumed by anxiety or want, or where a few controllers can exercise their will over the many, society has failed, even though its total wealth and power be increased.
Hilaire BellocWealth makes an ugly person beautiful to look on and an incoherent speech eloquent; and wealth alone can enjoy pleasure even in sickness and can conceal its miseries.
SophoclesAnd you prate of the wealth of nations, as if it were bought and sold, The wealth of nations is men, not silk and cotton and gold.
Richard HoveyAny money the government spends must be taxed, borrowed or conjured out of thin air by the Federal Reserve, and that will reduce sound private investment. Obama has no real wealth to inject into the economy. He can only move around existing money while inflation robs us of purchasing power. Meanwhile, private investors who might have produced a better engine, battery, computer, cancer treatment or other wealth-creating and life-enhancing innovations hold back for fear that big government will undermine productive efforts.
John StosselAmerican labor will realize that its function is not to increase jobs, but to multiply the wealth and to expand the numbers benefited by the wealth at the swiftest possible rate.
R. Buckminster FullerEverybody in politics claims to want to get everybody out of poverty. What's the opposite? Wealth. And what is often criticized by the left? Wealth.
Rush LimbaughWhat is the most effective, practical way of raising the wealth of nations? What causes wealth? I have come to think that the dream of democratic socialism is inferior to the dream of democratic capitalism, and that the latter's superiority in actual practice is undeniable.
Michael NovakAngus Deaton has written a wonderful book, The Great Escape: Health, Wealth, and the Origins of Inequality. . . . Deaton's book is a magisterial overview of health, income, and wealth from the industrial revolution to the present, taking in countries poor and rich. Not just jargon-free but equation-free, the book is written with a beautifully lucid style. . . . [P]owerfully argued and convincing.
Michael MarmotIf we want the whole world to be rich, we need to start loving wealth. In the difference between poverty and plenty, the problem is the pverty, not the difference. Wealth is good.
P. J. O'RourkeThe wealth required by nature is limited and is easy to procure; but the wealth required by vain ideals extends to infinity.
EpicurusThere is no country in which so absolute a homage is paid to wealth. In America there is a touch of shame when a man exhibits theevidences of large property, as if after all it needed apology. But the Englishman has pure pride in his wealth, and esteems it a final certificate. A coarse logic rules throughout all English souls: if you have merit, can you not show it by your good clothes and coach and horses?
Ralph Waldo EmersonWhen earth life is over and things appear in their true perspective, we shall more clearly see and realize what the Lord and his prophets have repeatedly told us, that the fruits of the gospel are the only objectives worthy of life's full efforts. Their possessor obtains true wealth - wealth in the Lord's view of values. We need constantly to deepen our understandings and sharpen our realization of what the fruits of the gospel are. The Lord has defined them as . . . peace in this world, and eternal life in the world to come.
Marion G. RomneyPoems On Time The butterfly counts not months but moments, and has time enough. Time is a wealth of change, but the clock in its parody makes it mere change and no wealth. Let your life lightly dance on the edges of Time like dew on the tip of a leaf.
Rabindranath TagoreThe real wealth of a nation is its people. And the purpose of development is to create an enabling environment for people to enjoy long, healthy, and creative lives. This simple but powerful truth is too often forgotten in the pursuit of material and financial wealth.
Mahbub ul HaqBaal-hamon, one of Baal's names, means "the lord of wealth or abundance." Chuck Pierce believes, and I agree, that this is the principality warring against the great transfer of wealth to the Church. You must war against this spirit to see your inheritance released. Claim Jeremiah 51:44 (Bel in this verse is Baal).
Dutch SheetsIn the last recession, 99 percent of us have lost wealth, but did you know that the top 1 percent increased their wealth five times? It tells you they create recessions so they get wealthier.
Jesse VenturaWork is a means; it is not an end. And for any tasks that can be performed or eliminated by a capital instrument, human labor is not the best means... Furthermore, we have science, engineering and management - the three disciplines - that really plan and control the production of goods and services, trying to eliminate labor. Who the hell is government to come along and try to create labor? The people who are producing wealth are trying to eliminate toil, while the politicians are trying to create it.
Louis O. KelsoWhat is the most profitable? Fellowship with the good. What is the worst thing in the world? The society of evil men. What is the greatest loss? Failure in one?s duty. Where is the greatest peace? In truth and righteousness. Who is the hero? The man who subdues his senses. Who is the best beloved? The faithful wife. What is wealth? Knowledge. What is the most perfect happiness? Staying at home.
BhartrhariBottom line is, I didn't return to Apple to make a fortune. I've been very lucky in my life and already have one. When I was 25, my net worth was $100 million or so. I decided then that I wasn't going to let it ruin my life. There's no way you could ever spend it all, and I don't view wealth as something that validates my intelligence.
Steve JobsTruth is complete in itself. Truth has a strong foundation in itself. It is bold, it has no fears. It has no limit of space or time. It is a fearless, free bird in the sky. It does not care for status. It is wealth in itself. Truth stands even when there is no public support.
SivanandaEven as the unborn babe is in the womb of his mother, these five are fixed as his life destiny: his life span, his activities, his acquisition of wealth and knowledge, and his time of death.
ChanakyaIf financial assets no longer work for you at a rate far and above the rate of true wealth creation, then you must work longer for your money.
Bill GrossOne of the wonderful things about free markets is that the path to greater wealth comes not from looting, plundering and enslaving one's fellow man, as it has throughout most of human history, but by serving and pleasing him.
Walter E. WilliamsWhat the Supreme Court did in Citizens United is to say to these same billionaires and the corporations they control: 'You own and control the economy, you own Wall Street, you own the coal companies, you own the oil companies. Now, for a very small percentage of your wealth, we're going to give you the opportunity to own the United States Government.' This is the essence of what Citizens United is all about - and that's why it must be overturned.
Bernie SandersThey may signify wealth, but they can actually mean so much more-like committment, family, and love. And there's nothing like a perfect diamond to remind you that you'll never be perfect - the truth is, all you can do is try.
Nicole RichieStruggle hard and then if you do not succeed, you are not to blame. Let the world praise or blame you. Let all the wealth of the earth come to your feet, or let you be made the poorest on earth. Let death come this moment or hundreds of years hence. Swerve not from the path you have taken. All good thoughts are immortal and go to make Buddhas and Christs.
Swami Vivekananda