Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is not economics. Economics is a study of cause-and-effect relationships in an economy.

The left's obsession with the high incomes of corporate executives never seems to extend to equally high - or higher - incomes of professional athletes, entertainers, or best-selling authors like Danielle Steel.

France has never gotten over the fact that it was once a great power and is now just a great nuisance.

Envy plus rhetoric equals "social justice.".

The welfare state has always been judged by its good intentions, rather than its bad results.

Even if the government spends itself into bankruptcy and the economy still does not recover, Keynesians can always say that it would have worked if only the government had spent more.

Someone once said that the most important knowledge is knowledge of our own ignorance. Our schools are depriving millions of students of that kind of knowledge by promoting "self-esteem" and encouraging them to have opinions on things of which they are grossly ignorant, if not misinformed.