In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

I can't remember one [example of regulation] that's good. Regulation of transport, regulation of agriculture - agriculture is a, zoning is z. You know, you go from a to z, they are all bad. There were so many studies, and the result was quite universal: The effects were bad.

In my youth it was said that what was too silly to be said may be sung. In modern economics it may be put into mathematics.

Ronnie had it right calling it Torture. That is a much more accurate description the way I see it.

Data can't speak for itself; it's up to you to give it a voice. Try to speak truthfully.

Outside the firm, price movements direct production, which is co-ordinated through a series of exchange transactions on the market. Within a firm, these market transactions are eliminated and in place of the complicated market structure with exchange transactions is substituted the entrepreneur-co-ordinator, who directs production.

We must first note that economic factors are taken into account in a world in which ignorance, prejudice, and mental confusion, encouraged rather than dispelled by the political organization, exert a strong influence on policy making.