But of course you can have your cake and eat it, too - if you decide to to bake a second cake. And you may well find that baking two cakes does not take twice the work of baking one.

The economic illusion is the belief that social justice is bad for economic growth.

As a scholarly discipline, economics has always suffered from physics envy.

When laissez-faire creates instability, the move to a freer market can be something less than pure gain.

In a world where technology and capital are highly transferable, there is a real risk that comparative advantage comes to be defined as whose labor force will work for the lowest wage.

If social security depresses savings rates, it is only because it is unfunded.

Henry Ford, in a sense, was the first Keynesian. He paid his assembly workers high wages so they could afford to buy his cars.

Not surprisingly, extensive effort in Britain and America goes into finding tax shelter. the system is "efficient" for the shelter industry, not for the economy.

It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become - of all things - Wall Street's own slogan.

In practice, a good deal of the outcomes produced by the market reflect nothing more than luck - good or bad.

What do you call an economist with a prediction? Wrong.

We are too focused in our differences to see how much we already share.

The man who has done his level best…is a success, even though the world write him down a failure.

You get so tied up with the minutiae of the day-to-day, there's never a chance to sit back and let your subconscious run wild.

I think people should be different. I love people who don't go by the rule that you have to be careful because you're old, you have to do this and that, you have to eat this and that.

I think I've had very knee-jerk emotional reactions to things, and sometimes I've said things without thinking. Being overly emotional clouded my judgment.

I feel like a million tonight - but one at a time.

Books ain't no good. A guy needs somebody - to be near him. A guy goes nuts if he ain't got nobody.

Before there was a proper understanding and a sense of God's presence, the idea that everything would one day end was utterly desolating.

The tech community is a closely knit group, which is why it's so powerful. All of these companies have an affinity for each other, even if they compete with each other.

So most skeptics who criticize us are really just misinformed and kind of ignorant. They're just assuming something about us. We're quite critical ourselves, but we're here to help people.