There will be a poverty trap whenever the scope for growing income or wealth at a very fast rate is limited for those who have too little to invest, but expands dramatically for those who can invest a bit more.
“Men fear thought as they fear nothing else on earth -- more than ruin, more even than death. Thought is subversive and revolutionary, destructive and terrible, thought is merciless to privilege, established institutions, and comfortable habits; thought is anarchic and lawless, indifferent to authority, careless of the well-tried wisdom of the ages. Thought looks into the pit of hell and is not afraid ... Thought is great and swift and free, the light of the world, and the chief glory of man.”
― Why Men Fight
― Why Men Fight
“One of the symptoms of an approaching nervous breakdown is the belief that one’s work is terribly important.”
― The Conquest of Happiness
― The Conquest of Happiness
“Always learn poems by heart. They have to become the marrow in your bones. Like fluoride in the water, they'll make your soul impervious to the world's soft decay.”
― White Oleander
― White Oleander
Readers of Ada
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— last activity Dec 15, 2021 03:17PM
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Maggie’s 2025 Year in Books
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