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 |
“Although we have do not have adequate access to all parts of Darfur we do fortunately have humanitarian personnel, including staff from my own office, in each of the three provincial capitals of Darfur.”
“A positive attitude is not going to save you. What it's going to do is, everyday, between now and the day you die, whether that's a short time from now or a long time from now, that every day, you're going to actually live.”