As entrepreneurs accelerate the processes of creative destruction that impel all economic advance, the economists measure the destruction but not the creativity... So countries that multiply the production of well-defined and well-catalogued products of the past -- from subsidized steel ingots to protected automobiles -- will seem to grow faster than countries that multiply entrepreneurs and innovations.
—George Gilder
« How the US Treasury pays back the debt | Main | The public’s T-bond supply »
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c0c869e200d83564b01769e2
Listed below are links to weblogs that reference FQ.06.27: Favorite Quote for This Week:
Popular Posts
Recent Posts
- Two surprises: China doesn't own us; and the debt burden is relatively low
- The payroll tax holiday: Throwing FDR under the bus
- Class warfare can be good for us
- Balanced Budget Amendment: Why it's a bad idea
- How the Democrats and the Tea Party botch Reagan's legacy
- Principles vs. Tribal Loyalties
- Bernanke’s response
- For the middle class, one less thing to worry about
- Social security privatization: a plan both left and right could like
- USA's debt burden unchanged in ten years
