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 had a daughter who was 9 years old and I had the feeling I wasn't going to be a real parent if I didn't quit making movies for a while and spend time with her. I also felt that I'd made enough movies and said what I had to say at the time.”
“I can't discriminate? Oh, that's ripe, coming from a straight white man. What's the matter, baby doesn't feel like he belongs? Well why don't you try a place that was set up just for you? Like the world!”