“... economic growth is driven by supply factors such as improved technologies and access to more or better resources.”
“Savings, remember, is the prerequisite of investment.”
“... economists recognize that, other things equal, cuts in tax rates reduce tax revenues in percentage terms by less than the tax-rate reductions. Similarly, tax-rate increases do not raise tax revenues by as much in percentage terms as the tax-rate increases. This is true because changes in marginal tax rates alter taxpayer behavior and thus affect taxable income.”
“Thus, increases in interest rates matter greatly for the economy as a whole. They not only cause direct reductions in investment spending and interest-sensitive consumption spending (the main intent of restrictive monetary policy), but they also may reduce aggregate demand indirectly through their impact on asset prices.”
“Heuristic is an algorithm in a clown suit. It’s less predictable, it’s more fun, and it comes without a 30-day, money-back guarantee.”
“We humans may be brilliant and we may be special, but we are still connected to the rest of life. No one reminds us of this better than our dogs. Perhaps the human condition will always include attempts to remind ourselves that we are separate from the rest of the natural world. We are different from other animals; it's undeniably true. But while acknowledging that, we must acknowledge another truth, the truth that we are also the same. That is what dogs and their emotions give us-- a connection. A connection to life on earth, to all that binds and cradles us, lest we begin to feel too alone. Dogs are our bridge-- our connection wo who we really are, and most tellingly, who we want to be. When we call them home to us, it'as as if we are calling for home itself. And that'll do, dogs. That'll do.”
“Frida Kahlo to Marty McConnellleaving is not enough; you muststay gone. train your heartlike a dog. change the lockseven on the house he’s nevervisited. you lucky, lucky girl.you have an apartmentjust your size. a bathtubfull of tea. a heart the sizeof Arizona, but not nearlyso arid. don’t wish awayyour cracked past, yourcrooked toes, your problemsare papier mache puppetsyou made or bought because the vendorat the market was so compelling you justhad to have them. you had to have him.and you did. and now you pull downthe bridge between your houses,you make him call beforehe visits, you take a loverfor granted, you takea lover who looks at youlike maybe you are magic. makethe first bottle you consumein this place a relic. place iton whatever altar you fashionwith a knife and five cranberries.don’t lose too much weight.stupid girls are always tryingto disappear as revenge. and youare not stupid. you loved a manwith more hands than a paradeof beggars, and here you stand. heartlike a four-poster bed. heart like a canvas.heart leaking something so strongthey can smell it in the street.”