Confidence by itself, unless it has a valid basis, can get us into trouble.

There is simply no way to sustain an economy based on consumer credit.

The only way to buy more is to produce more.

Printing money is merely taxation in another form.

Printing money creates inflation, which weakens an economy. Unfortunately, this kind of common-sense thinking never seems to penetrate academic circles.

We are an indebted family going out for an expensive meal to celebrate getting approved foe a new credit card. It might feel good (at the time), but we're still simply delaying the inevitable.

The real story of Detroit [...] can be summed up in seven words. Private enterprise built it, government destroyed it.