I remember once reading that it is still not understood how the giraffe manages to pump an adequate blood supply all the way up to its head; but it is hard to imagine that anyone would conclude tht giraffes do not have long necks. At least not anyone who had ever been to a zoo

Everything reminds Milton of the money supply. Well, everything reminds me of sex, but I keep it out of the paper.

If God had meant there to be more than two factors of production, He would have made it easier for us to draw three-dimension al diagrams.

Suppose someone sits down where you are sitting right now and announces to me that he is Napoleon Bonaparte. The last thing I want to do with him is to get involved in a technical discussion of cavalry tactics at the Battle of Austerlitz. If I do that, I'm getting tacitly drawn into the game that he is Napoleon Bonaparte.

Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?

You can see the computer age everywhere but in the productivity statistics.

The world can, in effect, get along without natural resources, so exhaustion is just an event, not a catastrophe.