Economics has never been a science - and it is even less now than a few years ago.

Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does.

A growing nation is the greatest ponzi game ever contrived.

Forsake search for needles that are so very small in haystacks that are so very large.

Anyone with special abilities earns a differential return on that flair, which we economists call a rent. Those few with extraordinary P.Q. (Performance Quotient) will not give away such rent to the Ford Foundation or the local bank trust department. They have too high an I.Q. for that.

Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.

An intriguing paradox of the 1990s is that it isn't called a decade of greed.