Even an ideal set of trade-offs must—and should—leave a whole spectrum of unmet needs, because the cost of wiping out the last vestige of any problem is leaving other problems in more dire condition. In short, trade-offs must be incremental rather than categorical, if limited resources are to produce optimal results in any social system as a whole.
Prices impose the most effective kind of rationing - self-rationing. Why is rationing necessary? Because what everybody wants always adds up to more than there is. . .Resources are limited but desires are not. That is the basic and defining problem of economics.
No, not rich. I am a poor man with money, which is not the same thing.
Time and health are two precious assets that we don't recognize and appreciate until they have been depleted.
I have examined all religions, as well as my narrow sphere, my straightened means, and my busy life, would allow; and the result is that the Bible is the best Book in the world. It contains more philosophy than all the libraries I have seen.
But we are not going to be able to survive on this limited planet if the population keeps on growing: there isn't going to be anything left.
We used to get one room and we'd park the vehicle outside, everybody would all take showers and we'd steal towels because we knew we wasn't gonna have enough towels for all five of us to shower.
Time is short, my strength is limited, the office is a horror, the apartment is noisy, and if a pleasant, straightforward life is not possible, then one must try to wriggle through by subtle manoeuvres.
Being sporty at heart, I've wanted to learn football since I was a child. But I never got the chance because, growing up, my family didn't have the finances for extra-curricular activities.
My family has been poor and working-class for generations. And we live - I live in this really small community in Southern Mississippi where you don't evacuate, and you have never evacuated because there are too many people in your family to evacuate.
It turned out I was pretty good in science. But again, because of the small budget, in science class we couldn't afford to do experiments in order to prove theories. We just believed everything. Actually, I think that class was called Religion. Religion class was always an easy class. All you had to do was suspend the logic and reasoning you were being taught in all the other classes.
Nothing is ours except time.
When I started, I had nothing. Because my family was really, really, really poor.
After divorcing, I left South Africa to live in Toronto. They were tough years. On my own with three young children and no income. I'd cry when they spilt milk because I didn't have the money to buy any more.
When I was growing up, we never had much money. My parents were divorced young, but I was always surrounded by loving individuals. They couldn't give us riches, but they gave us their stories, their hearts, and their time.
We cannot protect everything, all of the time.
The needs of the many cannot be met by the party of the few.
Life is short and so is money.
Time is my greatest enemy.
When I was a kid a long time ago, when the sun rose, I was outside on my bike. If my parents were lucky - poor parents! - I would be home before it got dark.
My parents grew up in a village where they didn't even have running water. They are first generation immigrants who are proof that arranged marriages can work, although I wouldn't want one.
The most basic inherent constraint is that neither time nor wisdom are free goods available in unlimited quantity. This means that in social processes, as in economic processes, it is not only impossible to attain perfection but irrational to seek perfection- or even to seek the best possible result in each separate instance.
I can't give you 150 takes. I can't even give you 30 different ways of doing it! I don't have the talent or the range for it.
I didn't have parents I could take a million dollars from. We were a lower-class family.
I did not grow up in a cosmopolitan environment. I grew up in a little town in the middle of nowhere, pre-Internet, pre-college radio.
