By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.

Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support.

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

It isn't that greed's increased. What's increased is the realization that you've got a free field to reach out for what you'd like to do.

I don't care very much for the People Magazine approach to applied economics.

By keeping labor supply down, immigration policy tends to keep wages high. Let us underline this basic principle: Limitation of the supply of any grade of labor relative to all other productive factors can be expected to raise its wage rate; and increase in supply will, other things being equal, tend to depress wage rates.

Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.