Roger Pasquier hunts for coins on NYC sidewalks and keeps track of how much he finds. He discovered an odd consequence of everyone having a smartphone: people don’t pick up change on the sidewalk anymore. From 1987 to 2006, he averaged about fifty-eight dollars a year. Then Apple introduced the iPhone, and millions of potential competitors started to stare at […]
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“Money will not make you happy, and happy will not make you money.” – Groucho Marx
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“Some people think they are worth a lot of money just because they have it.” – Fannie Hurst
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“Too many people spend money they haven’t earned to buy things they don’t want to impress people they don’t like.” – Will Rogers
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“The only point in making money is so you can tell some big shot to go to hell.” – Humphrey Bogart
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There’s no way to structure this coherently. They are random observations that might help explain the mental processes. But often, I think that we look at the academic problems of poverty and have no idea of the why. We know the what and the how, and we can see systemic problems, but it’s rare to have a poor person actually […]
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