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.

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.

The fact that there is no such thing as a perfect anti-sepsis does not mean that one might as well do brain surgery in a sewer.

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

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

But part of the job of economics is weeding out errors. That is much harder than making them, but also more fun.