A Quote by Amity Shlaes

Prices don't merely reflect what people think things ought to cost today; they also reflect what people expect items to cost tomorrow. — © Amity Shlaes
Prices don't merely reflect what people think things ought to cost today; they also reflect what people expect items to cost tomorrow.
People have an annoying tendency to compare shoe prices with the cost of other things. They might say, 'Wow - those shoes cost as much as a sofa!' Well, this may be true, but the comparison is so silly. After all, you can't wear a sofa.
Under communism, prices were not allowed to reflect economic reality. Under capitalism, prices don't reflect ecological reality. In the long run, the capitalist flaw -- if uncorrected -- may prove to be the more catastrophic.
The problem with Wal-Mart is that it's a business model premised on offering the customer low prices at any cost - any cost to society, any cost to workers. They've got a lot of competition and have influenced people to follow their model through simply providing a model that is so successful at making profits.
Features have a specification cost, a design cost, and a development cost. There is a testing cost and a reliability cost. ... Features have a documentation cost. Every feature adds pages to the manual increasing training costs.
The proposition is that prices reflect all available information, which in simple terms means since prices reflect all available information, there's no way to beat the market.
So often, I think, in these relationship comedies, they don't necessarily reflect the people that I know. They don't reflect myself.
I think it's the job of the artist to reflect the times and also reflect his or her views of the world.
I contend that financial markets never reflect the underlying reality accurately; they always distort it in some way or another and the distortions find expression in market prices. Those distortions can, occasionally, find ways to affect the fundamentals that market prices are supposed to reflect.
We ought to follow through on an idea that was first proposed by President Clinton to allow people over the age of 55 who are not eligible for Medicare into the Medicare system, at cost, and below cost for those who can't afford it. That takes care of a significant number of the people who don't have health insurance.
The sun shines equally on diamond and charcoal, but the former has developed qualities that enable it to reflect the sunlight brilliantly, while the latter is unable to reflect the sunlight. Emulate the diamond in your dealings with people. Brightly reflect the light of God's love.
Many truths which are not believed are called lies,' the Laughing Beast said. 'Mirrors do not themselves lie unless they have been enchanted. Ordinary mirrors merely reflect what is revealed to them. People lie and mirrors reflect people. If your mother feared mirrors in your land, she feared herself.
How I wish we could all see the cost of our choices as clearly as a price tag on items in a store. If I know how much something is going to cost me, I make much wiser choices. But we have an enemy who schemes against us to keep the cost of dumb decisions concealed until it's too late.
There's a huge cost to freedom in letting people talk about how you print these plastic guns or letting them say these things about arming for tyranny. There's also a cost to letting the government say these ideas can't be expressed, this is treason. It's difficult.
I know it's different today than when I was growing up, and that's fine. But I have never been somebody, even when I was earning $19,000 a year, I never ran around whining and moaning about what things cost. What they cost was what they cost. And if I couldn't afford it, then I had to find a way to afford it or forget about it for now. It's just the way it was.
The companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they're basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.
Mississippi is an imperfect state, and I can predict with certainty that I will reflect that imperfection. Mississippians also strive for excellence, and I swear to reflect that as well.
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