Assume the worst about people and you get the worst..

Once you realize that trickle-down economics does not work, you will see the excessive tax cuts for the rick as what they are -- a simple upward redi….

There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the bett….

People who live in poor countries have to be entrepreneurial even just to survive..

Rational thinking is an important aspect of human nature, but we have imagination, we have ambition, we have irrational fear, we are swayed by other ….

Corruption exists because there is too much, not too little, market..

It's not just about the current economic environment. History shows that slashing budgets always leads to recession..

Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them..

Financial markets need to become less, not more, efficient..

95 percent of economics is common sense made complicated, and even for the remaining 5 percent, the essential reasoning, if not all the technical det….

The foundation of economic development is the acquisition of more productive knowledge..

All the alleged key causes of SOE [State-Owned Enterprise] inefficiency - the principal-agent problem, the free-rider problem and the soft budget con….

Above a certain level of income, the relative value of material consumption vis-a-vis leisure time is diminished, so earning a higher income at the c….

The washing machine changed the world more than the Internet..

Since the 1980s, we have given the rich a bigger slice of our pie in the belief that they would create more wealth, making the pie bigger than otherw….

95% of Economics is common sense deliberately made complicated..

History is on the side of the regulators..

Culture changes with economic development..

Low inflation and government prudence may be harmful for economic development..

To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms..

As South Korea shows, active participation in international trade does not require free trade. Indeed, had South Korea pursued free trade and not pro….