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.

The arts develop skills and habits of mind that are important for workers in the new economy of ideas.

The more flexible an economy, the greater its ability to self-correct in response to inevitable, often unanticipated, disturbances and thus to contain the size and consequences of cyclical imbalances.

A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.

Cash is available and we should use that in larger amounts, as is necessary, to solve the problems of the stress of this.

You can't have the capitalist system if an increasing number of people think it is unjust.

Without calling the overall national issue a bubble, it's pretty clear that it's an unsustainable underlying pattern.