The summer of 1830 I... blasted the tunnel through the rock to take water from the dam above the falls for the mill... In 1831 we lowered the tunnel four feet, and built a new dam across the creek.
Southern Europe has not done enough to enhance its competitiveness, while northern Europe has not done enough to boost demand. Debt burdens remain crushing, and Europe's economy remains unable to grow.
The consequences of a collapse would not be pretty. Whichever country precipitated it - Germany by threatening to abandon the euro, or Greece or Spain by actually doing so - would trigger economic chaos and incur its neighbours' wrath.
Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy.
As soon as you become afraid to make a fool of yourself, you're in trouble. I decided I may as well just see if I can live with myself making millions of mistakes and learn something from it.
Even before I came to Chicago, I had gotten interested in the existence of dispersion of prices under conditions which economic theory said would yield a single price.
People tend to think that numbers are quite objective, but numbers in economics are not like this. Some economists say they're like sausages: you don't know what they really are until you cut into them.
Many have wondered if Greece's economy would get so bad that it would eventually break away from the Eurozone - a move that could encourage other countries to follow and therefore splinter the currency union.
Body language is a very powerful tool. We had body language before we had speech, and apparently, 80% of what you understand in a conversation is read through the body, not the words.
We were all flying around up and down the coast near Dunkirk looking for enemy aircraft which seemed also to be milling around with no particular cohesion.
We know these men are professionals whose services are up for bid and whose bags are packed, and yet we call them our own and take personal, even civic pride in their accomplishments.
Millions of animals are euthanized every year because shelters can't find homes for them. Buying animals from pet stores also tends to support puppy and cat mills, many of which have deplorable conditions for animals, which shouldn't be tolerated.
If women's choices - such as taking time off to rear children - make them less productive in the economy, does adolescent boys' behavior in school make them even less so, because they are missing the educational potential of their formative years?
Faced with a time shortage, we squeeze tasks into the nooks and crannies of our calendar, leaving less and less time to switch between them. As a result, we become less and less productive exactly when we need to be most productive.
If you're a prosecutor, and you believe the defendant is guilty, you only talk about ultimate truth, but not intermediate truth. If you're the defense attorney, you care deeply about intermediate truth, but you tend to neglect ultimate truth.
In today's distorted world of 'human rights,' truth takes a back seat to ideology, and false claims - especially those that 'support' radical ideologies - persist even after they have been exposed.
Father: The mill's closed. There's no more work. We're destitute. Children: Ohhhhh. Father: I'm afraid I have no choice but to sell you all for scientific experiments.
Grace: My husband went to war and did not come back. Who will do the cooking? Mrs. Mills: I'm sorry, miss. Grace: Who will do the cooking?
David Mills: C'mon, he's insane. Look. Right now he's probably dancing around in his grandma's panties, yeah, rubbing himself in peanut butter.
William Somerset: [to Tracy] Anyone who spends a significant amount of time with me finds me disagreeable. Just ask your husband. David Mills: Very true. Very, very true.
If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.
