The unique danger today is the possibility that we may face longer-term stagnation as a consequence of relying too heavily on borrowed money.

Millions of public workers have become a kind of privileged new class - a new elite, who live better than their private sector counterparts. Public servants have become the public's masters. No wonder the public is upset.

Never buy a saddle until you have met the horse.

The unique danger today is the possibility that we may face longer-term stagnation as a consequence of relying too heavily on borrowed money.

He does what he thinks God would do if God only knew the facts.

The most critical factor subduing the demand for housing is that home ownership is no longer seen as the great, long-term buildup in equity value it once was.

Surely, if Mother Nature had been consulted, she would never have consented to building a city in New Orleans.