The manufacture of yarn being at length full established, the demand for it became too great for the patentees to supply, and then they sold licenses very extensively, so that at least 60,000 l. has been expended in consequence of such grants. Mr. Arkwright and his partners have expended upwards of 30,000/. in buildings and machinery in Derbyshire, and above 4,000 /. in Manchester; and they have lost not less than 5,000 l. or 6.000 l.
Richard ArkwrightRelated topics
above full great length less lost machinery manufacture soldRelated quotes
If one fourth of the capital of a country were suddenly destroyed, or entirely transferred to a different part of the world, without any other cause occurring of a diminished demand for commodities, this scantiness of capital would certainly occasion great inconvenience to consumers, and great distress among the working classes; but it would be attended with great advantages to the remaining capitalists.
Thomas Malthus
And new philosophy calls all in doubt,
The element of fire is quite put out;
The sun is lost, and the earth, and no man's wit,
Can well direct him where to look for it.
And freely men confess that this world's spent,
When in the planets, and the firmament
They seek so many new; then see that this
Is crumbled out again to his atomies.
'Tis all in pieces, all coherence gone;
All just supply, and all relation:
Prince, subject, Father, Son, are things forgot.
John Donne
There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
Ben Bernanke
My temperament and habit had always kept me rather in the middle of the road; in politics as well as in social reform I had been for "the best possible." But now I was pushed far toward the left on the subject of the war and I became gradually convinced that in order to make the position of the pacifist clear it was perhaps necessary that at least a small number of us should be forced into an unequivocal position.
Jane Addams
The Earth is a very small stage in a vast cosmic arena. Think of the rivers of blood spilled by all those generals and emperors so that, in glory and triumph, they could become the momentary masters of a fraction of a dot. Think of the endless cruelties visited by the inhabitants of one corner of this pixel on the scarcely distinguishable inhabitants of some other corner, how frequent their misunderstandings, how eager they are to kill one another, how fervent their hatreds.
Carl Sagan