Posts in Economics
Words Worth Noting - July 20, 2026

“It was impressed on me by one of the best of mothers that ever lived that I must aim at being a thorough master of the work by which I had to get my living; and to be that, I must concentrate my whole energies on my work, whatever that might be, to the exclusion of every other thing. I soon discovered that if I ever accomplished anything in life it would be by pursuing my object with a persistent determination to attain it. I had neither the training nor the talents to accomplish anything without hard work, and fortunately I knew it.”

Canadian tycoon George Stephen, late in life, attributed his success to his Spartan training and singlemindedness, quoted in Pierre Berton The National Dream

Words Worth Noting - July 16, 2026

“In 1925, one of the most popular cars in America was the 20-horsepower Ford Model T. According to the manual, the Model T tops out at 45 miles per hour. Not bad, but there’s a catch. The aerodynamics of the car are so poor that Road & Track likens it to a barn door. That’s a problem in 100 mile per hour headwinds.”

Cody Cassidy How to Survive History: How to Outrun a Tyrannosaurus, Escape Pompeii, Get Off the Titanic, and Survive the Rest of History’s Deadliest Catastrophes p. 191 [the context being could you escape the March 18, 1925 Tri-State Tornado in one and the answer being that in such conditions a Model T could barely keep up with a running man].