Productivity is notoriously difficult to predict..

If prices go down, we will have problems - problems in the sense of spillover to other areas..

It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations, enhances a….

In an economy that already has lost some momentum, one must remain alert to the possibility that greater caution and weakening asset values in financ….

The free lunch has still to be invented..

While local economies may experience significant price imbalances, a national severe price distortion seems most unlikely in the United States, given….

I cannot conceive of a politically feasible solution to this problem which will overdo cutting the deficit, where overdoing means harming the economy….

I do not deny that many appear to have succeeded in a material way by cutting corners and by manipulating associates, both in their professional and ….

I'm always amazed that my wife can handle different subjects - one day politics, the next day foreign policy. And she always has so much fun doing it….

I'm a plain soap kind of guy..

In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value..

Rules cannot take the place of character..

Corruption, embezzlement, fraud, these are all characteristics which exist everywhere. It is regrettably the way human nature functions, whether we l….

The true measure of a career is to be able to be content, even proud, that you succeeded through your own endeavors without leaving a trail of casual….

There is no evidence that the business cycle has been repealed..

The arts develop skills and habits of mind that are important for workers in the new economy of ideas..

The gut-feel of the 55-year old trader is more important than the mathematical elegance of the 25-year old genius..