Donald Rumsfeld should not just be impeached. He should be tried as a war criminal. As for Bush, he can be dispatched by the electorate while we are still a democracy.

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.

The truth is, going against the internal stream of ignorance is way more rebellious than trying to start some sort of cultural revolution.

When you can't tell the truth, tell *a* truth.

The idea of becoming a mother at sixteen was the scariest thing that she’d ever thought of.

An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can't easily recognize that they are the same.

Our imagination just needs space. It's all it needs, that moment where you just sort of stare into the distance where your brain gets to sort of somehow rise up.

I was a sort of rock journalist - whatever that is - in London in the late '60s.

The government competes in the private sector the way an alligator competes with a duck.

I work. I have a life. There's not much to tell.

The discipline of the writer is to learn to be still and listen to what his subject has to tell him.

I'm not really satisfied. I've done all right, but there's room for improvement.