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

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.

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."

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

Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

The nominal budget is a poor indicator of the impact of government outlays and revenues.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.