In the old days, land was important as the giver of all things. That period is gone now. Technology and brainpower are all that matters and yet conflicts over land, specially one like on the India-China border, that yields nothing, continue. This is a burden of ancient history that we continue to carry. If tomorrow there is settlement on planet Mars, we will begin to worry if others are interested.

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.

Banking may well be a career from which no man really recovers.

Power is not something that can be assumed or discarded at will like underwear.

The income men derive from producing things of slight consequence is of great consequence. The production reflects the low marginal utility of the goods to society. The income reflects the high total utility of a livelihood to a person.

A person buying ordinary products in a supermarket is in touch with his deepest emotions.

I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.