“I’m not denying that monopolies are terrible things, but I am denying that it is readily easy to resolve them through legislation of that nature.”

Whatever you tax you get less of.

The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

These days, even out of office, I still read economic reports.

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

No matter how skillful the trading scheme, over the long haul, abnormal returns are sustained only through abnormal exposure to risk.

Need to consider not only the most likely future path for the economy but also the distribution of possible outcomes about that path.

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

I was raising the question on the side with Governor Mullins of what would happen if the Treasury sold a little gold in this market.

The only effective regulation lies in the propensity of customers to choose alternatives, of investors to move their funds elsewhere and of labour to acquire technical skills’.

Before I met Ayn Rand, I was a logical positivist, and accordingly,

Was sort of intellectually shocked. Contagion is the critical phenomenon which causes the thing to fall apart.

And whatever their publicized angst over Saddam Hussein’s ‘weapons of mass destruction.

Senator, we are groping for understanding, the knowledge you assume I possess doesn’t exist’.

Protectionism will do little to create jobs and if foreigners retaliate, we will surely lose jobs.

I guess I should warn you, if I turn out to be particularly clear, you’ve probably misunderstood what I’ve said.

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism.