

“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own necessities, but of their advantages”
― An Inquiry into the Nature & Causes of the Wealth of Nations, Vol 1
― An Inquiry into the Nature & Causes of the Wealth of Nations, Vol 1

“In boom times companies have high profits. They increase production to satisfy demand for goods. This leads to excess supply. Companies cut prices to compete for customers. leading to lower profits, lay-offs, and economic depression. Eventually lower prices lead to an increase in demand and profits go back up. The economy is a yo-yo.”
― The Economics Book: Big Ideas Simply Explained
― The Economics Book: Big Ideas Simply Explained
David’s 2024 Year in Books
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