It is so easy to be wrong-and to persist in being wrong-when the costs of being wrong are paid by others.

Congressman Frank and Senator Dodd wanted the government to push financial institutions to lend to people they would not lend to otherwise, because of the risk of default. ... The idea that politicians can assess risks better than people who have spent their whole careers assessing risks should have been so obviously absurd that no one would take it seriously.

Talkers are usually more articulate than doers, since talk is their specialty.

The welfare state shields people from the consequences of their own mistakes, allowing irresponsibility to continue and to flourish among ever wider circles of people.

In politics, the truth is strictly optional and that also seems to be true in parts of the media.

The desire of businessmen for profits is what drives prices down unless forcibly prevented from engaging in price competition, usually by governmental activity.

Any politician who starts shouting election-year demagoguery about the rich and the poor should be asked, "What about the other 90 percent of the people?"