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

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

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

We're a me-me-me generation. We're borrowing the savings of every nation in the world. We're ... piling up a big tab. Now, I may think we're too big to have a run on us. You may think that. But it's possible that God does not.

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

What counts is results, and there can be no doubt that the Soviet planning system has been a powerful engine for economic growth...The Soviet model has surely demonstrated that a command economy is capable of mobilizing resources for rapid growth.

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.