A Quote by Paul Romer
One of the most powerful insights in economics is this idea of a division of labor. You do the thing you're good at. Other people do something else that they're good at. The net effect is better for everybody.
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I found powerful the idea that everything we have is, in effect, stolen from everybody else.
The realization that I came to is that each citizen for himself or herself understands the economics, which is, "I better make more than I spend and I better put something aside for a rainy day, and I want to get a good idea about what to do with the surplus so that perhaps it can grow while I'm sleeping." And that that's capitalism. Everybody practices it, but half of the country - those on the left - deny that it's true.
As the years progress, TNA knew they had something good with the X-Division, then they started building their tag and heavyweight division, and it became one of many good divisions as opposed to the 'stand out' division.
If the idea is you're working at a job solely to pay the bills because you have ambitions to do something else, if you're not actively trying to do that other thing, you've gotta make sure you're doing that. Sometimes you've gotta take away your own safety net. But if you feel miserable in a day job, in any job, get out of that. Look for something else. Stay in that job until you have the other thing set up, and then go to that other thing. But sometimes you've just got to jump out with a parachute and trust that you're going to land someplace safe.
I would imagine, a very large percentage of people who get something for art and they do something else, and they have some excess resources. And they trade those resources with artists whose work makes them feel good, or feel better, or question. And the artist, if they're smart, they use it to buy the most expensive thing in the world: time to make more. The more that come, the better it is for these people, their children, the people they care about, fills the society with a real constant thing.
No matter how good you think you are as a leader, my goodness, the people around you will have all kinds of ideas for how you can get better. So for me, the most fundamental thing about leadership is to have the humility to continue to get feedback and to try to get better - because your job is to try to help everybody else get better.
If there are going to be people out there making war on other people, don't you think it's a good idea for some of those people to at least follow a code of ethics? Not 'honor' but something you can pin down and be sure of, something with the same rules for everybody.
The really good idea is always traceable back quite a long way, often to a not very good idea which sparked off another idea that was only slightly better, which somebody else misunderstood in such a way that they then said something which was really rather interesting.
It's like everybody is shooting something, and everybody's a filmmaker; everybody can shoot a cat video and post it. So the big thing now is - for people that have talent and have something to say, and are creative, and are capable of making something good - is how do they get attention to it?
Poetry is perhaps the oldest art form. We can go back to an age-old idea of naming things, the Adamic impulse - to give something a name has always been an immensely powerful thing. To name something is to own it, to capture it. A poem is still a kind of spell, an incantation. Historically, a poem also invoked: it was a blessing, or a curse, or a charm. It had a motile power, was able to summon something into being. A poem is a special kind of speech-act. In a good poem there's the trance-like effect of language in its most concentrated, naked form.
There's no comparison between Division I and Division II. The reason they have Division II is for the guys who can't make it at Division I. That's fine. They need to have something to feel good about themselves. Those guys have to have something to do with their lives.
Good news is only really good to those directly involved. Most people lead such futile and useless lives that only bad news makes them feel better. If not better, certainly gooder. If one cannot gain recognition for anything else, he can rest well with the assurance that he is "good", which in most case equates with "right".
As a rule, with me an unfinished [idea] is a thing that might as well be rubbed out. It's better, if there's something good in it that I might make use of elsewhere, to leave it at the back of my mind than on paper in a drawer. If I leave it in a drawer it remains the same thing but if it's in the memory it becomes transformed into something else.
I think it's hard to understand in economics. It's easier to understand on psychology.It's a kind of panic or a sense that the world economy is just not in as good shape as we thought and so everybody is chasing everybody else.
True power is invisible and impeccable, like good taste. It is never clumsy or artless. Powerful people whisper, suggest, seduce, in order to coerce. They only use volume for effect. This is how you can tell a blowhard from a mogul. ... Most powerful people don't need to coerce; their mere presence is coercive.
When somebody does something which everybody really wants to do, then it makes everyone else try a little bit harder and strive for something better, and it's good.
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