Food is a product of supply and demand, so try to figure out where the supplies are fresh, the suppliers are creative, and the demanders are informed.

Rich or poor it’s nice to have money

The opportunity cost of an unlived dream is not only that dream, but also the dreams the dream was meant to inspire.

As UC Berkeley economics professor Brad DeLong put it to me:You get famine if the price of food spikes far beyond that of some people’s means. This can be because food is short, objectively. This...

International business, once allowed to stalk uncontrolled, killed the local, the small, the quirky.

the value of a pace,” or competitor, shaves twenty to thirty seconds off the time of a mile. To rigorously test the value of human proximity, he got forty children to compete at spinning fishing...

But a progressive policy needs more than just a bigger break with the economic and moral assumptions of the past 30 years. It needs a return to the conviction that economic growth and the affluence...

It is not difficult to deprive the great majority of independent thought. But the minority who will retain an inclination to criticize must also be silenced….Public criticism or even expressions of doubt must be suppressed...

If we try to run the economy for the benefit of a single group or class, we shall injure or destroy all groups, including the members of the very class for whose benefit we have...

Printing currency for foreigners to buy is the best racket a government can get into.

Careers increasingly come with a reboot button, and companies that realize this early possess a competitive talent advantage

We now in the United States have more security guards for the rich than we have police services for the poor districts. If you’re looking for personal security, far better to move to the suburbs...

Now here’s somebody who wants to smoke a marijuana cigarette. If he’s caught, he goes to jail. Now is that moral? Is that proper? I think it’s absolutely disgraceful that our government, supposed to be...

Inequality of wealth and incomes is an essential feature of the market economy. It is the implement that makes the consumers supreme in giving them the power to force all those engaged in production to...

Facing a deteriorating economy and a weakening hold over the populace, the Iraqi state under Saddam Hussein opted to revitalize tribal leaders and conservative practices as a means of stabilizing state power; those conservative practices...

Years ago, I noticed one thing about economics, and that is that economists didn’t get anything right.

Funny how in a material world full of pundits and economists obsessed with assets and liabilities -personally, economically and globally – few speak about the greatest of all these…YOU.

I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.

The use of market values and technology as a social barometer has devalued the worth of individuals, rendered irrelevant the quality of their lives, and stunted their creativity.

Raising interest rates is voo-doo. You can’t deal with a global system problem by trying to solve it with this.

People used to make money, but somewhere along the way, it started making us.

A society can be Pareto optimal and still perfectly disgusting.

Why should a financial engineer be paid four, four times… to a hundred times more than the, uh… real engineer?A real engineer build bridges, a financial engineer build, build dreams.And when those dream turn out...

It seems then that instead of consumers’ willingness to pay influencing market prices, the causality is somewhat reversed and it is market prices themselves that influence consumers’ willingness to pay.

In arguing against free enterprise capitalism, the collectivist always adopts the false assumption of a fixed number of jobs in that system. Conversely, in arguing for collectivism, he always assumes that there will be as...

If economics were only about profit maximization, it would be just another name for business administration. It is a social discipline, and society has other means of cost accounting besides market prices.

We want people to represent us in politics—and in love and economics too. When people represent us fully, they are ourselves and are not ourselves. When an object is simultaneously the same as and different...

We must achieve both security and solvency. In fact, the foundation of military strength is economic strength,

Democracy is supposed to be ‘of the people, by the people and for the people’. Capitalism is ‘of the capitalist, for the capitalist’. Period.

The U.S. stock market was now a class system, rooted in speed, of haves and have-nots. The haves paid for nanoseconds; the have-nots had no idea that nanoseconds had value. The haves enjoyed a perfect...

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.

In the same way that central banking nearly wrecked the world and created one calamity after another, bitcoin can save the world one transaction at a time.It is time for a new beginning.

Since its appearance the view that prostitution is a product of capitalism has gained ground enormously. And as, in addition, preachers still complain that the good old morals have decayed, and accuse modern culture of...

Kita selalu berkaok-kaok tentang sosialisme, tapi tindakan pemerintahan kebalikan dari itu. Harga bensin misalnya, dinaikkan sekaligus 62 kali lipat, tarif gas dan listrik melambung 20 kali, serta harga beras melompat-lompat tak terbeli.

Imagine the big rating agencies as three competitive saloons standing side by side, with each free to set its own drinking age. Before long, nine-year-olds would be downing bourbon

The great hatred of capitalism in the hearts of the oppressed, ancient and modern, I think, stems not merely from the ensuing vast inequality in wealth, and the often unfair and arbitrary nature of who...

Jean-Baptiste Say may have coined the term ‘entrepreneur’ but he totally missed the opportunity to put it on a t-shirt and sell it.

Poverty in western Mexico is an Unconditional Sentence.

In California, the state’s huge dairy herd produces twenty-seven million tons of manure a year, the particulates and vapors from which have helped to make air quality in the argiculturally intensive San Joaquin Valley worse...

Here’s the solution. We need a CO2 tax, revenue-neutral, to replace taxation on employment, which was invented by Bismarck — and some things have changed since the 19th Century.

The experience of history should lead us to hope and strive to make the world better, not to despair and resign ourselves to fate.

Most of us are pseudo-scholars…for we are a very large and quite a powerful class, eminent in Church and State, we control the education of the Empire, we lend to the Press such distinction as...

The overall U.S. homeownership rate increased from 64 percent in 1994 to a peak in 2004 with an all-time high of 69.2 percent. Real estate had become the leading business in America, more and more...

It is because every individual knows little and, in particular, because we rarely know which of us knows best best that we trust the independent and competitive efforts of many to induce the emergence of...

Laissez faire (in its full true meaning) opens the way to the realization of the noble dreams of socialism.

The individualism of current economic theory is manifest in the purely self-interested behavior it generally assumes. It has no real place for fairness, malevolence, and benevolence, nor for the preservation of human life or any...

Moments are the elements of profit

Those who believe that liberal democracy and the free market can be defended by the force of law and regulation alone, without an internalised sense of duty and morality, are tragically mistaken.

A good accountant is someone who told you yesterday what the economists forcast for tomorrow

Do you understand economics? I mean big-time, prewar, global capitalism. Do you get how it worked? I don’t, and anyone who says they do is full of shit.