History has not dealt kindly with the aftermath of protracted periods of low risk premiums.

Stripped of its academic jargon, the welfare state is nothing more than a mechanism by which governments confiscate the wealth of the productive members of a society to support a wide variety of welfare schemes.

If you think you understand what I am saying you do not understand what I am saying.

Productivity is notoriously difficult to predict.

The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the Second World War.

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

Skilled shortages in America exist because we are shielding our skilled labor force from world competition. [Visa quotas] have been substituted for the wage pricing mechanism. 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. Eliminating such restrictions would reduce at least some of the income inequality.