Culture changes with economic development.

It's not just about the current economic environment. History shows that slashing budgets always leads to recession.

Self-interest, to be sure, is one of the most important, but we have many other motives - honesty, self-respect, altruism, love, sympathy, faith, sense of duty, solidarity, loyalty, public-spiritedness, patriotism, and so on - that are sometimes even more important than self-seeking as the driver of our behaviors.

The best way to boost the economy is to redistribute wealth downward, as poorer people tend to spend a higher proportion of their income.

Countries are poor not because their people are lazy; their people are 'lazy' because they are poor.

There is a big logical jump between acknowledging the destructive nature of hyperinflation and arguing that the lower the rate of inflation, the better.

Manufacturing is the most important...route to prosperity.