Posts Tagged ‘future’

Future Estimate

Posted: April 12, 2019 in Thought for the Day
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“We always underestimate the future.” -Charles F. Kettering

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No Idea

Posted: January 26, 2019 in Thought for the Day
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“If you don’t offer any idea for how to live in the future, somebody else will.” -Garry Kasparov

“Free learners accomplish both the ordinary and the extraordinary. By unleashing the innate human drive to explore and discover, to build and synthesize—to learn—we ensure a future of both individual fulfillment and collective progress.” -Kerry McDonald

“This number (10-year treasury note) is probably the most important number in modern capitalism. It tells us the ‘risk-free’ price of money… which is to say, it tells us the cost of borrowing money, or more abstractly, the price of the future.

The more you borrow today, the more time you will have to take away from tomorrow to pay it back. Eventually, you run out of time… and out of luck.

To put that in more concrete (or wood and plastic) terms, the higher your mortgage rate… the longer you have to work to pay for your house.” -Bill Bonner

“Debt is simply a way for you to own and control more than you can currently afford from your savings. When you take on debt, you are agreeing to use future earnings to pay for something you want now. In general, if it’s something consumed – like a car, clothes, or airplane tickets – all you’re doing is stealing from your future to satisfy your present desires or needs. Eventually, it will not work.” -David Eifrig

Future Wealth?

Posted: January 31, 2018 in Thought for the Day
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“Debt is a claim on future wealth.” -Steve Longenecker

“Why do we use money?…  the social function of money is to facilitate economic calculation.

Money cannot do this if its future purchasing power is subject to violent swings because of political intervention….  sound money has desirable properties such as a predictable purchasing power.” -Robert Murphy