Prohibition is an attempted cure that makes matters worse - for both the addict and the rest of us.

If instead of looking at income, you look at levels of consumption, if anything that's become more equal. The fraction of families that have a dishwasher, that have a sewing machine, that have a television set. In respect to consumption, it's very hard to avoid the view that people have been getting more equal rather than more unequal.

I cannot disagree with you that having something like 500 economists is extremely unhealthy. As you say, it is not conducive to independent, objective research. You and I know there has been censorship of the material published. Equally important, the location of the economists in the Federal Reserve has had a significant influence on the kind of research they do, biasing that research toward noncontroversial technical papers on method as opposed to substantive papers on policy and results

Reality ensures that the end of history will never come.

There is not a line in 'The Wealth of Nations' that is not still applicable to this day.

Underlying most arguments against the free market is a lack of belief in freedom itself.

It all would have been much better if individuals saved for their own old age.