The number one problem in today's generation and economy is the lack of financial literacy.

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?

Greenspan, who knew so much more than most, knew far less than most supposed.

There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.

Anyone willing to do what is required to become president of the United States is thereby barred from taking that office. I'm only half joking

Without the triggers, that tax cut is irreponsible fiscal policy. Eventually, I think that will be the consensus view.

Capitalism is based on self-interest and self-esteem; it holds integrity and trustworthiness as cardinal virtues and makes them pay off in the marketplace, thus demanding that men survive by means of virtue, not vices. It is this superlatively moral system that the welfare statists propose to improve upon by means of preventative law, snooping bureaucrats, and the chronic goad of fear.