Charging a fee for an online service is a good way to lose 90 percent of your customers.
The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.
The excellence of metallic money in free circulation consists in the fact that it renders impossible the abuse of the power of the government to dispose of the possessions of its citizens by means of its monetary policy and thus serves as the solid foundation of economic liberty within each country and of free trade between one country and another.
The economic interpretation of history does not necessarily mean that all events are determined solely by economic forces. It simply means that economic facts are the ever recurring decisive forces, the chief points in the process of history.
All other forms of history - economic history, social history, psychological history, above all sociology - seem to me history with the history left out.
There is an enormous shadow industry of scammers and amateurs who prey on aspiring writers, who divert people from the real publishing industry into this shadow world of vanity publishing and fee-charging agents.
The mere possession of monopoly power, and the concomitant charging of monopoly prices, is not only not unlawful, it is an important element of the free-market system. The opportunity to charge monopoly prices - at least for a short period - is what attracts 'business acumen' in the first place; it induces risk taking that produces innovation and economic growth.
I am extremely devoted to Amazon Prime - which offers speedier free deliveries, free movie streaming and other benefits for an annual fee - but I don't think it is great for groceries.
For the last one hundred and fifty years, the history of the House of Rothschild has been to an amazing degree the backstage history of Western Europe...Because of their success in making loans not to individuals but to nations, they reaped huge profits...Someone once said that the wealth of Rothschild consists of the bankruptcy of nations.
The largest tax reduction in American history, one page tax form, reducing government spending. Those are all the keys to economic progress.
The ultimate consequences of the individualist spirit in economic life are those which you yourselves, Venerable Brethren and Beloved Children, see and deplore: Free competition has destroyed itself; economic dictatorship has supplanted the free market; unbridled ambition for power has likewise succeeded greed for gain; all economic life has become tragically hard, inexorable, and cruel.
The fact throughout history is that whenever government dominates the economic affairs of its citizenry, a free society is eroded, then destroyed, and a minority government ensues. Personal liberty without economic liberty is an absolute contradiction; the one cannot exist without the other.
Once you are completely comfortable with charging, then - and only then - will you allow yourself to do things for free. That way if you perform a kindness for another, you will know that you are doing it because you want to, not because you have been manipulated into it or are maneuvering in the hopes of winning their affection.
We will invest heavily in safety and security... preserve the environment... make progress on biodiversity and economic progress.
Once I was a prisoner lost inside myself with the world surrounding me, wandering through the misery, but now I am free. Free to love, free to laugh, free to soar, free to shine, free to give.
If economic progress means that we become anonymous cogs in some great machine, then progress is an empty promise.