Productivity Is Notoriously Difficult To Predict.

This Decade Is Strewn With Examples Of Bright People Who Thought They Built A Better Mousetrap That Could Consistently Extract Abnormal Returns From The Financial Markets. Some Succeed For A Time. But While There May Occasionally Be Mis-configurations Among Market Prices That Allow Abnormal Returns, They Do Not Persist.

Cash Is Available And We Should Use That In Larger Amounts, As Is Necessary, To Solve The Problems Of The Stress Of This.

I Am Saddened That It Is Politically Inconvenient To Acknowledge What Everyone Knows: The Iraq War Is Largely About Oil.

Senator, We Are Groping For Understanding, The Knowledge You Assume I Possess Doesn't Exist' - 'the Only Effective Regulation Lies In The Propensity Of Customers To Choose Alternatives, Of Investors To Move Their Funds Elsewhere And Of Labour To Acquire Technical Skills' - 'senator, If I Seem Clear To You, You Must Have Misunderstood Me' - 'unfortunately, Senator, Nobody Knows Where The Next Innovative Idea Is Coming From. Political Decisions Are Never Random And Will Always Lose Out To Innovative Alternatives

Without Calling The Overall National Issue A Bubble, It's Pretty Clear That It's An Unsustainable Underlying Pattern.