Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they’re good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market.
Parents and kids know they should pass up the fries for an apple and exchange the video game for a game of tag – but knowing and doing are certainly different things.
Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are checks drawn on insufficient funds.
The most important kind of freedom is to be what you really are. You trade in your reality for a role. You give up your ability to feel, and in exchange, put on a mask.
Better teacher pay combined with scholarships in exchange for teaching in our public schools can help North Carolina attract and keep talented teachers.
We’re like the stock exchange – we know everything that’s happening in the family. Since our kids are in the same profession, we all know how they’re placed.
I’m entertained more by my own thoughts than by the thoughts of others. I don’t mind answering questions. But in an exchange of conversation, I wind up being a pair of ears.
Ecstasy is almost never discussed anymore, but leaving the earth is one way of attaining it. To exchange ecstasy for death is often the bargain.
There was a time when I thought dudes had friendship all figured out. The focus on eating things in front of giant screens, pretending to punch one another, competing over who can utter the grossest and most profane personal insults imaginable – this struck me as the very apex of human social exchange.
It has become cheaper to look for oil on the floor of the New York Stock Exchange than in the ground.
When I’m driving past the place I used to work, or when I’m driving past the comedy studio where I used to take photos in exchange for classes, or when I’m driving past the yoga studio I used to clean on the weekends – it’s not that far removed from me yet. I get very sentimental over things like that.
It seems to me that a market exchange rate which is not artificially controlled by central banks enables one to balance the interests of different market players – exporters and importers, investors, borrowers, lenders.
Auctions create greater price discovery and liquidity, resulting in a very meaningful final auction price. If you were building a securities exchange today, an auction would be a core feature.
Learning and the exchange of ideas is dramatic.
I would exchange everything for one child of my own.
Exchange rate understandings are of little use on their own.
You only have to look at Manchester’s Royal Exchange or Home to understand the huge energy outside London – there’s enough talent around the country to have a Donmar and National in every city. It just comes down to money.
During the summer of 2009, the debate on health care reform was emotional and intense. At its best, it represented the free exchange of ideas that makes this country great. At its worst, it generated death threats and acts of violence.
Asana and complementary services are bringing the evolved team brain to the entire world. In great companies like Twitter, Uber, Airbnb, Foursquare, and LinkedIn, people already add information to and extract insight from these systems much the same way our hands and brain exchange signals.
The big news already broke. The file-sharing and all that stuff, it’s a done deal. And I think figuring out how to make that a fair exchange for the people that make music is still an issue.
People crave trustworthy information about the world we live in. Some people want it because it is essential to the way they make a living. Some want it because they regard being well-informed as a condition of good citizenship. Some want it because they want something to exchange over dinner tables and water coolers.
If my daughter’s going to go out in the winter with summer clothes, I’m gonna question it. And at some point, I assume, if the conversation goes on long enough, if I can convince her, she will put on some warm clothes. And I think that sort of exchange is pretty valid.
Regional exchange can be a source of growth and development, and of enhancing good governance.
I see the Jedi mission as giving up a normal life in exchange for protecting the innocent. It’s a life of sacrifice. There are rewards, but also a certain degree of sterility.
During the campaign for re-election, Barack Obama at least made vague references to a willingness to accept $3 trillion of reduced spending in exchange for a $1 trillion dollar tax increase.
Applying criminal law to the exchange of bitcoin on behalf of ransomware victims would create a morally shocking result of re-victimizing a victim. All lawfully operating digital currency exchanges would thereafter refuse to exchange bitcoin for ransomware victims for fear of criminal culpability.
Trade balances are determined by national savings propensities, not exchange rates.
We always do a white elephant gift exchange on Christmas Eve, but my mom always gets really nice gifts for it. And we hang out in our PJs on Christmas Day.
It’s part of the culture at ILM and at Lucasfilm that the work is better when you collaborate, you know. There’s this culture of open exchange, a wonderful ego-free sharing of ideas and talent.
Like the invention of the printing press before it, the Internet has been the greatest instrumentality of free speech and the exchange of ideas in the history of mankind.
For the first time in 6,000 years of human history, we can have peer-to-peer exchange where trust is not a problem anymore. And it’s through the technology that underlies bitcoin. It’s called the block chain.
Universities are not here to be mediums for the coercion of other people, they’re here to be mediums for the free exchange of ideas.
