By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.

I must say, I never expected to see the day where I would be talking about anything other than reducing the debt, I'm running into the tyranny of zero, which is where you can't reduce (the debt) any more

Deficit spending is simply a scheme for the confiscation of wealth.

Now, I only play very occasionally, and in fact, more piano than clarinet or sax.

The only sustainable way to increase demand for vacant houses is to spur the formation of new households. Admitting more skilled immigrants, who tend to earn enough to buy homes, would accomplish that while paying other dividends to the U.S. economy.

Whatever you tax you get less of.

Productivity is notoriously difficult to predict.