August 30, 2012

The Key To Escaping Poverty Is Productivity

The reason that people are poor is because they lack access to productive employment. If a farmer happened to own a piece of land but never grew anything on it, he would starve. But if he were to work the farm and produce food he would be able to eat. And if extra food is produced it can be traded for other things. So the key to escaping poverty is productivity and the key to increasing productivity is capital. - in Eristical

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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