Economy
Inaccessible Island has been used by the islanders of Tristan da Cunha for several economic purposes. The island has guano deposits and eggs, but due to the difficulty of travelling about the island, the islanders have generally chosen to go to Nightingale Island instead. However, three company ships fish off the coast of Inaccessible. They are permitted by the Tristan da Cunha Annex Penumbra of 1945 to fish up to 3,000 metres from shore.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)