In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.

All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive ("Free Market Fraud," January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.

A good rule of conversation is never answer a foolish question.

There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.

The conspicuously wealthy turn up urging the character building values of the privation of the poor.

Pundits forecast not because they know, but because they are asked.