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.
 |
Nationality: American Type: Journalist Born: 1878 Death: 1954 |
“On the king's gate the moss grew gray; The king came not. They call'd him dead; And made his eldest son, one day, Slave in his father's stead.”
“If we will maintain our hope and confidence in the genius of our people, they will work out this problem, and their ability and industry will bring us back to normal conditions.”