To stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. He was asked what he was looking for. He said "I lost my watch."

... often analysis seems to be based on the assumption that future economic output is almost entirely determined by inexorable economic forces independently of government policy so that devoting more resources to one use inevitably detracts from availability for another.

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.

Nearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income and an enhanced quality of life.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.