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If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.

  • -- Frederick Smith 弗雷德里克·史密斯

从历史上看，创造增长和财富的是创新和投资，以及规模的扩大——更多的客户。

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I would be absolutely astounded if population growth and industrialisation and all the stuff we are pumping into the atmosphere hadn't changed the climatic balance. Of course it has. There is no valid argument for denial.

如果人口增长、工业化以及我们排放到大气中的所有物质没有改变气候平衡，我绝对会大吃一惊。当然有。否认是没有正当理由的。

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Life insurance became popular only when insurance companies stopped emphasizing it as a good investment and sold it instead as a symbolic commitment by fathers to the future well-being of their families.

只有当保险公司不再强调人寿保险是一项好的投资，而是将其作为父亲对家庭未来福祉的象征性承诺而出售时，人寿保险才变得流行起来。

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Investment banks manage to go bankrupt through their investment-banking activities, commercial banks manage to go bankrupt through their commercial-banking activities.

投资银行通过其投资银行业务破产，商业银行通过其商业银行业务破产。

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Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand.

货币政策对长期增长起不了多大作用，我们所能做的就是努力消除经济因需求不足而低迷的时期。

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