Regardless of how it's done, transaction costs will continue to plummet as computers get more powerful. Low transaction costs are a wonderful thing if you're in the transaction business. They're wonderful for consumers too, making it cheaper and easier to buy things and creating new things to buy.

Education had been a great gift for him [Ziauddin]. He believed that lack of education was the root of all the Pakistan's problems. Ignorance allowed politicians to fool people and bad administrators to be reelected. He believed schooling should be available for all, rich and poor, boys and girls.

I looked for it [heavy hydrogen, deuterium] because I thought it should exist. I didn't know it would have industrial applications or be the basic for the most powerful weapon ever known [the nuclear bomb] ... I thought maybe my discovery might have the practical value of, say, neon in neon signs.

It's my belief that when you're dealing with the supernatural, the supernatural still has to trump we mortals, it still has to be more powerful than we are. You can't really defeat it. You can live to fight another day but it's very rare that a human being can actually destroy a supernatural force.

Because powerful images are fixed in the mind more readily than words, the photographer needs no interpreter. A photograph means the same thing all over the world and no translator is required. Photography is truly a universal language, transcending all boundaries of race, politics and nationality.

Evolutionary psychology tells us that men, especially powerful men, feel invincible and entitled to spread their seed, and that women can't resist the scent of masculine power. Women, by contrast, are said to be more altruistic and collaborative, seeking power so that they can share it with others.

In this ever-changing society, the most powerful and enduring brands are built from the heart. They are real and sustainable. Their foundations are stronger because they are built with the strength of the human spirit, not an ad campaign. The companies that are lasting are those that are authentic.

One might expect, perhaps, that a man full of genius could pasture in the greatness of his own thoughts, and renounce the cheap approbation of the crowd which he despises; yet he succumbs to the more powerful impulse of the herd instinct. His searching and his finding, his call, belong to the herd.

You educate people, especially young people, by stirring their passions, so you take every opportunity to grab the imagination of your employees, you get them to feel they are doing something important, that they are not a lone voice, that they are the most powerful and potent people on the planet.

I was brought up in a very religious household and did a lot of praying throughout a big part of my life and always thought of God as being not only a powerful father figure and the ruler of all time and dimension but also as a friend with whom I could chat and ask questions to and get advice from.

I'm part of an industry that everybody wants to be a part of. I do hang out with a lot of sort of powerful, interesting people like Bella Freud or Jay Joplin or Tracey Emin. I'm part of that group of people. Brit artists who are doing things. That's what I do. Some of them happen to be aristocrats.

The Bankers' New Clothes makes a simple, powerful argument: that banks need to raise more capital. It is entirely persuasive that the extent of their leverage makes the financial system fragile, and it clearly and patiently demolishes all the counter-arguments made by the banks and their lobbyists.

There is no one-size-fits-all solution to the challenges facing our cities or to the housing crisis, but the two issues need to be considered together. From an urban design and planning point of view, the well-connected open city is a powerful paradigm and an engine for integration and inclusivity.

Though I believe in God, I don't believe in religion for everybody. Some people who are a little weak and don't want to shoulder any responsibility need Catholicism. For people at the other extreme, there is Christian Science... I think a powerful conscience is worth all the religions put together.

The only people who are not in awe of Emerson's powerful voice and well-nigh superhuman strength are the members of his own family. He is aware of this, and often complains about it; so from time to time I like to put on a little show of being intimidated. 'Proceed, my dear,' I said apologetically.

Religion means a binding. If a man does not feel himself a part of the Universe, and does not hear its pulse, he is not religious. But once he has heard that pulse, he will be hearing it always. Every day his life will replenish itself from this inexhaustible source, eternal and powerful as the sun.

A friend of mine said something powerful at his grandfather's funeral. He said that the greatest lesson from his grandfather's life was that he died empty, because he accomplished everything he wanted, with no regrets. I think that, along with leaving a legacy, would be the greatest sign of success.

Many a man has risen to eminence under the powerful reaction of his mind in fierce counter-agency to the scorn of the unworthy, daily evoked by his personal defects, who with a handsome person would have sunk into the luxury of a careless life under the tranquillizing smiles of continual admiration.

The unpredictability of the weather, the increasing possibility of intelligence introducing a species more powerful than ours, the growing uncertainty that animals can or should be slaughtered for our pleasure, has led many of us to start asking more complex questions about what is and isn't normal.

The unreal is more powerful than the real, because nothing is as perfect as you can imagine it, because it's only intangible ideas, concepts, beliefs, fantasies that last. Stone crumbles, wood rots. People, well, they die. But things as fragile as a thought, a dream, a legend, they can go on and on.

The most powerful political moments for me come when I feel like my actions are aligned with a certain truth. I can feel it. When I'm talking to a group and I'm saying something truthful, I can feel a power that comes out of those statements that is different than when I'm just being glib or clever.

Generally speaking, followers will not commit themselves for very long to a leader who is not also a pragmatist. As most of us have discovered, dreams are only powerful when we believe they can come true. Pipe dreams belong in the realm of fantasy; leaders' dreams belong in the realm of possibility.

As a nation we have, over the past seven years, been rebuilding our intelligence with powerful capabilities that many thought we would no longer need after the Cold War. We have been rebuilding our clandestine service, our satellite and other technical collection, our analytical depth and expertise.

It isn't a hunch but the subconscious mind, which is the creative mind, at work. That is the mind which makes artists do things without their knowing how they came to do them. Perhaps with me it was the cumulative effect of a lot of little things individually insignificant but collectively powerful.

I knew that I wanted to be a singer/songwriter when I was much younger and, um, I've been able to, you know, to realize that dream and I'm very pleased with that...I want to branch out. I want to write. I write poetry...Music is an extraordinary vehicle for expressing emotion-very powerful emotions.

Dancing in public spaces and moving your body freely in a public space is reclaiming what was taken from you when you were violated. The energy of that - you can't capture it, you can't own it. Capitalists can't buy it.It can't be sold. It can't be monetized. And that's why I think it's so powerful.

I believe that horses bring out the best in us. They judge us not by how we look, what we're wearing or how powerful or rich we are, they judge us in terms of sensitivity, consistency, and patience. They demand standards of behavior and levels of kindness that we, as humans, then strive to maintain.

Our age gives the more receptive among the young such a sense of social responsibility that one is inclined at times to fear that social interests may encroach upon individual development, that a knowledge of all the ills affecting the community may act as too powerful a damper on the joys of youth.

Today, I'd like to talk to Bob Marley. I'd just like to ask him what was his method. Bob is one of the greatest songwriters ever. I don't know if people understand how powerful his songs are and the simplicity and genius behind them, from 'Redemption Song' to 'Is This Love?' and 'I Shot the Sheriff.'

Measured against the Problem We Face, planting a garden sounds pretty benign, I know, but in fact it’s one of the most powerful things an individual can do - to reduce your carbon footprint, sure, but more important, to reduce your sense of dependence and dividedness: to change the cheap-energy mind.

I was thinking about the women of Pakistan, those who are not allowed to get education, those who are not allowed to do whatever they want to do in their life. I hope that the families will understand that the contribution of women is important and can be more powerful for building a greater country.

The fascinating thing about Game of Thrones is that none of the badasses are just badasses, and none of the wimps are just wimps. A coward will surprise you with courage, and a very powerful person will blindside you with weakness, and the most evil person is capable of the most compassionate moment.

There is a light in this world, a healing spirit more powerful than any darkness we may encounter. We sometimes lose sight of this force when there is suffering, too much pain. Then suddenly, the spirit will emerge through the lives of ordinary people who hear a call and answer in extraordinary ways.

What Whitney Houston has accomplished will never be accomplished. She's the most famous person on the planet as far as vocaling and her songs. So I'm very happy that I can sit here and say I had a chance to know her. And I'm still dazed that she's gone. But she lives because her music is so powerful.

You know, what makes the prison disappear is every deep, serious attachment. To be friends, to be brothers, to love; that opens the prison through sovereign power, through a most powerful spell. But he who doesn't have that remains in death. But where sympathy springs up again, life springs up again.

Boxing Helena was something that I think was pretty cool, but people judged it without even having seen it. It's not perfect, but I think for the story that we were trying to tell, it turned out pretty good. What it signified was really powerful to me: how society puts us in boxes one way or another.

The result of these ungodly unions was a race of very wicked and very powerful hybrid (half-fallen angel, half-human) offspring - the Nephilim - who corrupted, harassed, even killed mankind. Now, at the end of the 20th century, we have the return of "alien" entities with apparent supernatural powers.

The Constitutional Convention debated whether America should even have a standing army. ... They worried that a powerful military could rival civilian government for power in our new country, and of course they worried that having a standing army around would create too much of a temptation to use it.

Every phenomenon, however trifling it be, has a cause, and a mind infinitely powerful, and infinitely well-informed concerning the laws of nature could have foreseen it from the beginning of the ages. If a being with such a mind existed, we could play no game of chance with him; we should always lose.

How to Stay Christian in Seminary should be placed in the hands of every first-year seminarian. It provides a much-needed balance as they navigate the beautiful but treacherous waters of a seminary education. I plan to use this powerful little book with great profit for my students in the years ahead.

Whoever controls the volume of money in our country is absolute master of all industry and commerce...when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.

I think today's young women are an especially powerful breed. They will be taking on even greater challenges, which is why achieving personal empowerment is so important for them. These women are going to be holding positions of significant authority, owning more businesses, and shaping public policy.

The study of history is a powerful antidote to contemporary arrogance. It is humbling to discover how many of our glib assumptions, which seem to us novel and plausible, have been tested before, not once but many times and in innumerable guises; and discovered to be, at great human cost, wholly false.

Vegetarianism preserves live, health, peace, the ecology, creates a more equitable distribution of resources, helps to feed the hungry, encourages nonviolence for the animal and human members of the planet, and is a powerful aid for the spiritual transformation of the body, emotions, mind, and spirit.

Happiness doesn't just happen. It must be pursued. And if the pursuit of the 'ultimate currency' of happiness helps us choose occupations that confer present and future benefit, and these choices, in turn, motivate us to succeed, this strikes me as perhaps the most powerful non-cognitive skill of all.

I wish that the adults who are 'in power' cared more about what their children read. Books are incredibly powerful when we are young - the books I read as a child have stayed with me my entire life - and yet, the people who write about books, for the most part, completely ignore children's literature.

The thing that changes your professional life, your capabilities, your learning, your understanding, your opportunity flow, your ability to make things happen, is the center relationships you have with powerful and effective people around you in the industry, in the activity that you want to be doing.

Among the more irritating consequences of our flagrantly religious society is the special dispensation that mainstream religions receive. We all may talk about religion as a powerful social force, but unlike other similarly powerful institutions, religion is not to be questioned, criticized or mocked.

Be seriously involved with growing, with your own development, and never fear. Be the kind of person who is naturally powerful, positive, ingenious, open, to the highest degree. Be the best. No negativity. No weakness. No acquiescence to fear or disaster. No errors of ignorance. No evasion to reality.

You aim comedy up. If comedy is aimed down, you're a jerk. You laugh at the powerful as a way of bringing them down to your level or bring yourself up to theirs. Donald Trump doesn't actually laugh. I've never seen him do anything other than smirking. He doesn't have a sense of humour. He's just mean.

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