Any policy is a success by sufficiently low standards and a failure by sufficiently high standards.

People who decry the fact that businesses are in business "just to make money" seldom understand the implications of what they are saying. You make money by doing what other people want, not what you want.

The least productive people are usually the ones who are most in favor of holding meetings.

Government bailouts are like potato chips: You can't stop with just one.

Prices impose the most effective kind of rationing - self-rationing. Why is rationing necessary? Because what everybody wants always adds up to more than there is. . .Resources are limited but desires are not. That is the basic and defining problem of economics.

A friend from India told me that a countryman of his said: "I want to go to America. I want to see a country where poor people are fat."

At least half of the popular fallacies about economics come from assuming that economic activity is a zero-sum game, in which what is gained by someone is lost by someone else. But transactions would not continue unless both sides gained, whether in international trade, employment, or renting an apartment.