When you are in a hole, the top priority is to stop digging.

The rich have markets, the poor have bureaucrats.

Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it.

Remember, aid cannot achieve the end of poverty. Only homegrown development base on the dynamism of individuals and firms in free markets can do that.

When you are in a hole, the top priority is to stop digging.

To escape the cycle of tragedy, we (searchers) have to be tough on the ideas of the planners, even while we salute their goodwill.

We need a revolution in development thinking and practice. Foreign aid, debt relief, family planning, democracy, education, and free markets have not succeeded.