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In the process we have created [a] privileged elite whose incomes are being supported at non-competitively high levels by immigration quotas on skilled professionals.

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Competitively Immigration Income Level Process Profession Quota Support

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Marilyn Monroe Paulo Coelho Abraham Lincoln C. S. Lewis Khalil Gibran Charlie Chaplin Gautama Buddha Isaac Newton

An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions.
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Almost Antagonism Gold Issue Persuasion Standard Towards Unite
It has been my experience that competency in mathematics, both in numerical manipulations and in understanding its conceptual foundations.
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Competency Experience Foundation Manipulation Mathematics Numerical Understand
We need, in effect, to make the phantom ‘lock-boxes’ around the trust fund real.
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Some succeed for a time. But while there may occasionally be mis-configurations among market prices that allow abnormal returns, they do not persist.
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Revolutions are something you see only in retrospect.
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When trust is lost, a nation’s ability to transact business is palpably undermined.
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Ability Business Loss Nation Palpably Transact Trust Undermined
I’ve always argued that this country has benefited immensely from the fact that we draw people from all over the world.
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It keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
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Boost Finance Free Income Increase Interest Keep Lower Productive Rate Real Saving
But rules cannot substitute for character.
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Regulation – which is based on force and fear – undermines the moral base of business dealings. It becomes cheaper to bribe a building inspector than to meet his standards of construction. Protection of the consumer by regulation is thus illusory.
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Base Business Deal Fear Force Regulation Undermine
The worst have failed; investors no longer fund them and are not likely to in the future.
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If we allow terrorism to undermine our freedom of action, we could reverse at least part of the palpable gains achieved by postwar globalization. It is incumbent upon us not to allow that to happen.
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The guiding purpose of the government regulator is to prevent rather than to create something.
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How do we know when irrational exuberance has unduly escalated asset values?
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