The arts develop skills and habits of mind that are important for workers in the new economy of ideas.
History cannot be reduced to a set of statistics and probabilities.
There is no evidence that the business cycle has been repealed.
I'm a better economist than I was a sax player.
It seems superfluous to constrain trading in some of the newer derivatives and other innovative financial contracts of the past decade. The worst have failed; investors no longer fund them and are not likely to in the future.
But rules cannot substitute for character.