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.

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.

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.

The Buddha taught complete honesty, with the extra instruction that everything a person says should be truthful and helpful.

We are all nameless inside.

In politics nothing matters very much, and few things matter at all.

When I was a kid, we sat around the house. If I got bored, I'd have to figure out something to do.

Actually, the challenge I’ve always had is being too thin, so I love that now I have a booty, and obviously I love showing my cleavage.

Men of genius are like eagles, they live on what they kill, while men of talents are like crows, they live on what has been killed for them.

Because he (the Sage) demands no honor, he will never be dishonored.

Faith is the willingness to look foolish.

A man must always study, but he must not always go to school: what a contemptible thing is an old abecedarian!

Strategy is something anyone can learn. But not all coaches take the time to understand a man's personality.