If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.
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Nationality: American Type: Journalist Born: 1878 Death: 1954 |
“I don't look at computers as opponents. For me it is much more interesting to beat humans.”
“The bad news for journalists today is that the media, however seriously people who are in the public eye take it, is not taken as seriously as it once was - by the public.”