The growth of a nation's productive potential is the central factor in determining its growth in real wages and living standards.... high rates of investment and saving usually have a big payoff in promoting economic growth.

It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office.

I couldn't reconcile what I was being taught at the university of Chicago, the lectures and the books I was being assigned, with what I knew to be true out in the streets.

Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes.

Politicians like to tell people what they want to hear - and what they want to hear is what won't happen.

A growing nation is the greatest ponzi game ever contrived.

I spent the four years I was an undergraduate working on the beach. And it wasn't because I was lazy; it was because my freshman class would go to a hundred different employers and wouldn't get a nibble.