"Rich countries can afford to overpay for..." - Quote by Bill Gates
Rich countries can afford to overpay for things.
More by Bill Gates
“I'm not a macroeconomics person.”
“In the decade ahead I can predict that we will provide over twice the productivity improvement that we provided in the '90s.”
“To create a new standard, it takes something that's not just a little bit different; it takes something that's really new and really captures people's imagination, and the Macintosh, of all the machines I've ever seen, is the only one that meets that standard.”
More on Economics
“Truth is found neither in Marxism nor in traditional capitalism. Each represents a partial truth. Historically capitalism failed to see the truth in collective enterprise, and Marxism failed to see the truth in individual enterprise. Nineteenth century capitalism failed to see that life is social and Marxism failed and still fails to see that life is individual and personal. The Kingdom of God is neither the thesis of individual enterprise nor the antithesis of collective enterprise, but a synthesis which reconciles the truths of both.”
“People in the political world have every incentive to say things that lead voters away from a clear economic understanding of issues. What has happened more and more is that organized groups have more and more reasons to say things that don't make any economic sense.”
“We must beware of trying to build a society in which nobody counts for anything except a politician or an official, a society where enterprise gains no reward and thrift no privileges”
More on Wealth
“The desire of gold is not for gold. It is for the means of freedom and benefit.”
“Poverty demoralizes. A man in debt is so far a slave; and Wall-street thinks it easy for a millionaire to be a man of his word, aman of honor, but, that, in failing circumstances, no man can be relied on to keep his integrity.”
“Men become richer not only by increasing their existing wealth but also by decreasing their expenditure.”