quotes tagged with 'hoard'

But to revert to the economic effects of saving: Now that we know all the details of this phenomenon, it is very evident that it in no wise harms industry in general or human labor. Even if the person making the saving received cash in exchange for the services he had rendered, and hoarded it, he would be doing society no harm, since he was able to collect these values from it only by contributing equal values to it. I must add that this kind of hoarding is unlikely, exceptional, abnormal, for it is contrary to the self-interest of those who indulge in it. Pieces of money in a man's hand mean: He who possesses us has rendered services to society and has not yet been paid for them. Society has placed us in his hands as a token. We are at one and the same time an acknowledgment, a promise, and a guarantee. On the day he chooses, he may, by producing and surrendering us, receive from society the services to which he is entitled.
Author: Frederic Bastiat, Source: http://www.econlib.org/library/Bastiat/basHar15.htmlSaved by cboyack in money value hoard service economics savings 12 years ago[save this] [permalink]
Man is so constituted that he must be either provident or improvident. Sometimes the Latter-day Saints have been criticized, for being provident. Man is what I would call a seasonable animal, by which I mean that his living comes from things that are produced only a part of the year. We produce in the summer, and we consume in the winter. We are like bees and the squirrels. The improvident hive perishes. The improvident squirrel dies, and the improvident man, except for the help which he gets, perishes.

Now, there is no excuse for calling a man a hoarder because he is provident enough to put away in the summer what he must needs have in the winter; and remember, that has been the thesis that we have talked about during all the time that we have had the welfare plan.
Author: J. Reuben Clark, Jr., Source: "Church News," March 2, 1946Saved by cboyack in welfare foodstorage preparedness yearsupply hoard 13 years ago[save this] [permalink]

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