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

Our ideal society finds it essential to put a rent on land as a way of maximizing the total consumption available to the society. ...Pure land rent is in the nature of a 'surplus' which can be taxed heavily without distorting production incentives or efficiency. A land value tax can be called 'the useful tax on measured land surplus'.

Reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.

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

Economists have much to be humble about.

The failure of market catallactics in no way denies the following truth: given sufficient knowledge the optimal decisions can always be found by scanning over all the attainable states of the world and selecting the one which according to the postulated ethical welfare function is best. The solution 'exists'; the problem is how to 'find' it.

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