I really think that people have to think safety; taking risks for higher yield is a bad idea once you're in late or latish middle age.

...instead it seems that business - like weight loss - is a subject wherein hope and fear inspire limitless gullibility.

Coming up with a good idea, with an insight into the way the world works that is really new and that you really believe in, is a deeply satisfying experience.

Governments do not necessarily act in the national interest, especially when making detailed microeconomic interventions. Instead, they are influenced by interest group pressures. The kinds of interventions that new trade theory suggests can raise national income will typically raise the welfare of small, fortunate groups by large amounts, while imposing costs on larger, more diffuse groups.

The great thing about fiscal policy is that it has a direct impact and doesn't require you to bind the hands of future policymakers.

For most Americans, economic growth is a spectator sport.

The public has no idea that the deficit has been falling like a stone.