Archive for October, 2012

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The problem with socialism is socialism, but the problem with capitalism is capitalists.

William F. Buckley

In America the majority raises formidable barriers around the liberty of opinion; within these barriers an author may write what he pleases, but woe to him if he goes beyond them.

Alexis de Tocqueville

According to the economics of the industrial age, it’s simple: Money spent creates output. If you use less labor or your system creates more output, your factory is being more efficient.

Machines can be more productive than people because once they’re set up, they create more output per dollar spent. Lowering labor costs is the goal of the competitive industrialist, because in the short run, cutting wages increases productivity.

Seth Godin on Redefining Productivity

Our aversion to loss is a strong emotion, one that sometimes causes us to make bad decisions. Do you wonder why we often refuse to sell some of our cherished clutter, and if somebody offers to buy it, we attach an exorbitant price tag to it?” Indeed, research has shown that our brain feels more pleasure merely by the promise of avoiding losses than when it actually acquires gains.

Dan Ariely

I would say that I experience this with some folks on a regular basis. Switching away from something tried and true, but inadequate, is a lot like experiencing a loss.

  1. The Story Of The New