I Don't Know Where The Stock Market

Crony Capitalism Is Essentially A Condition In Which... Public Officials Are Giving Favours To People In The Private Sector In Payment Of Political Favours.

I Have Long Argued That Paying Down The National Debt Is Beneficial For The Economy: It Keeps Interest Rates Lower Than They Otherwise Would Be And Frees Savings To Finance Increases In The Capital Stock, Thereby Boosting Productivity And Real Incomes.

History Has Not Dealt Kindly With The Aftermath Of Protracted Periods Of Low Risk Premiums.

The Process Of Innovation Is, Of Course, Never Ending.

It's Hard To Overemphasize How Important Ford's Deregulation Was. True, Most Of The Benefits Took Years To Unfold-rail Freight Rates, For Example Hardly Budged At First. Yet Deregulation Set The Stage For An Enormous Wave Of Creative Destruction In The 1980s.