Wednesday, January 11, 2012

A simple truth about incomes and expenditures

Could we have avoided the Great Recession if we had paid attention to the following words of wisdom from centuries ago?
इदमेव हि पाण्डित्यं चातुर्यमिदमेव हि ।
इदमेव सुबुद्धित्त्वमायादल्पतरो व्ययः ॥
- समयोचितपद्यमालिका

This is scholarly wisdom. This is intelligence. This is called having a sound mind – Never let expenditure grow bigger than income.
- Samayochitapadyamalika
More such Sanskrit words of wisdom--secular and religious--here.

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