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“During times of universal deceit, telling the truth becomes a revolutionary act.”
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“In boom times companies have high profits. They increase production to satisfy demand for goods. This leads to excess supply. Companies cut prices to compete for customers. leading to lower profits, lay-offs, and economic depression. Eventually lower prices lead to an increase in demand and profits go back up. The economy is a yo-yo.”
― The Economics Book: Big Ideas Simply Explained
― The Economics Book: Big Ideas Simply Explained
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages”
― An Inquiry into the Nature & Causes of the Wealth of Nations, Vol 1
― An Inquiry into the Nature & Causes of the Wealth of Nations, Vol 1
David’s 2025 Year in Books
Take a look at David’s Year in Books, including some fun facts about their reading.
386 books
|
11 friends
267 books
|
107 friends
1,477 books
|
218 friends
381 books
|
161 friends
1,600 books
|
61 friends
2,475 books
|
118 friends
909 books
|
28 friends
498 books
|
242 friends
More friends…
Favorite Genres
Polls voted on by David
Lists liked by David
