I believe that the only important structural obstacles to world prosperity are the obsolete doctrines that clutter the minds of men.

The important thing to understand is that the case for pollution control isn't based on some kind of aesthetic distaste for industrial society. Pollution does real, measurable damage, especially to human health.

The party of ideas has become the party of Beavis and Butthead.

Our popular economics writers, however, are not in the business of giving their readers a ringside seat on the research action; with no exception I can think of, they use their books to do an end run around the normal structure of scholarship, to preach ideas that few serious economists share. Often, these ideas are not just at odds with the professional consensus; they are demonstrably wrong, and sometimes terminally silly. But they sound good to the unwary reader.

When the Fed decides that inflation is too high, they have the tools, and they've shown historically that they have the will, to bring it down. And, it might be painful.

We know that advanced economies with stable governments that borrow in their own currency are capable of running up very high levels of debt without crisis.

The trouble with poverty, as an issue, is that it has basically exhausted the patience of the general public.