Existing economics is a theoretical system which floats in the air and which bears little relation to what happens in the real world.

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.

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.

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

If you torture the data long enough, it will confess.

If economists wished to study the horse, they wouldn’t go and look at horses. They’d sit in their studies and say to themselves, "what would I do if I were a horse?"

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.