A Quote by Benjamin Franklin
Rich widows are the only secondhand goods that sell at first-class prices.
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There is no such thing as agflation. Rising commodity prices, or increases in any prices, do not cause inflation. Inflation is what causes prices to rise. Of course, in market economies, prices for individual goods and services rise and fall based on changes in supply and demand, but it is only through inflation that prices rise in aggregate.
Etsy is fundamentally a creative community. On eBay, or Amazon for that matter, practically anyone can sell practically anything. On Etsy, you can only sell handmade goods, vintage goods over 20 years old, and craft supplies for making.
I asked one retailer, I said, "Let me ask you, are you going to raise prices next year?" They looked at me and said, "Not only are we not going to raise prices, we're going to have to lower prices, increase the quality of the goods, and turn the inventory quicker."
Rich country protectionism - barriers, subsidies and support - mean that the world supply of agricultural goods is artificially increased and world prices depressed.
It is easier to give all your goods to feed the poor, or not to have any goods - only your virtues, to boast of - than it is to judge the rich with charity.
At first it was the incomes of corporations, then of rich citizens, then of well-provided widows and opulent workers, and finally the wealth of housemaids and the tips of waitresses. This is all in line with the ability to pay doctrine. The poor, simply because there are more of them, have more ability to pay than the rich.
Work of all kinds is got from poor women, at prices that will not keep soul and body together, and then the articles thus made aresold for prices that give monstrous prices to the capitalist, who thus grows rich on the hard labor of our sex.
Speculation is only a word covering the making of money out of the manipulation of prices, instead of supplying goods and services.
Capitalism improves the quality of life for the working class not just because it leads to improved wages but also because it produces new, better, and cheaper goods.... Indeed, with capitalism, the emphasis shifted to producing goods as cheaply as possible for the masses--the working class--whereas artisans had previously produced their goods and wares mostly for the aristocracy. Under capitalism every business wants to cater to the masses, for that is where the money is.
Once you have sold a customer, make sure he is satisfied with your goods. Stay with him until the goods are used up or worn out. Your product may be of such long life that you will never sell him again, but he will sell you and your product to his friends.
Models used to describe and predict inflation commonly distinguish between changes in food and energy prices - which enter into total inflation - and movements in the prices of other goods and services - that is, core inflation.
I don't throw money away. First class tickets are very expensive. Why should I fly first class if I can fly business, which is the same thing? I would only fly first class if the ticket included access to some sort of special compartment that could save me if there was any crash.
I have read a great deal of economic theory for over 50 years now, but have found only one economic "law" to which I can find NO exceptions: Where the State prevents a free market, by banning any form of goods or services, consumer demand will create a black market for those goods or services, at vastly higher prices. Can YOU think of a single exception to this law?
All of us as consumers have gotten spoiled, ... We expect customized goods and services at commodity prices. The only way we can do that is to cut the fat out of our price structure.
If you have a company that doesn't sell its goods or services abroad and focuses only on the domestic market, it will keep paying a price.
People want to buy cheap and sell dear; this by itself makes them countertrend. But the notion of cheapness or dearness must be anchored to something. People tend to view the prices they’re used to as normal and prices removed from these levels as aberrant. This perpective leads people to trade counter to an emerging trend on the assumption that prices will eventually return to “normal”. Therein lies the path to disaster.
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