Posts Tagged ‘ability’

“The capacity to learn is a gift; the ability to learn is a skill; the willingness to learn is a choice.” -Brian Herbert

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“Intelligence is quickness to apprehend as distinct from ability, which is capacity to act wisely on the thing apprehended.” -Alfred North Whitehead

“The definition of wealth is the number of days you can survive without physically working (or anyone in your household physically working) and still maintain your standard of living. It’s that simple. It’s not about what you can buy. It’s about your ability to sustain your existence without working.” -Robert Kiyosaki

Important Idea

Posted: January 22, 2019 in Thought for the Day
Tags: , , , , ,

“Far more important than any idea I have is the ability to control my thoughts.” -Unknown

“Vitality shows not only in the ability to persist, but in the ability to start over.” -F.Scott Fitzgerald

“The ability to judge people’s character is one of the most important skills you can have.” -Robert Greene

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“Here’s a chart based on research from the Economic Policy Institute that describes the problem. As you can see, productivity in this country grew nearly 250% between 1948 and 2014, but median wages only grew 109%…You’ll also notice that the divergence begins around 1971… the year President Nixon removed the U.S. dollar from gold.

Why? Because paper money doesn’t transmit gains in productivity like real, sound money should.

In short, when the dollar was unlinked from gold, the government was granted the ability to create unlimited amounts of new money. But this money doesn’t flow to everyone equally. It is created in the banks, and then works its way through the financial system before eventually trickling down through the real economy. The result is that asset and consumer prices have risen far faster than wages.” -Justin Brill