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 |
“Being fat worked, and I think that was what was confusing for me for a long time in my career.”
“These tapes have been found, which were taken from the desk and various bootlegs. At the time we never got to hear them, they didn't seem to be available or they just got put to one side.”