The Growth Of A Nation's Productive Potential

The Growth Of A Nation's Productive Potential Is The Central Factor In Determining Its Growth In Real Wages And Living Standards.... High Rates Of Investment And Saving Usually Have A Big Payoff In Promoting Economic Growth.

I'm Not Sure Most Of The People That Get Caught Up In The Middle Of A Bubble Can Be Described As Irrational. It Seems Pretty Rational To Buy A House And Flip It In The Next Few Weeks At A Profit When That's Been Happening For Along Time.

Companies Are Not Charitable Enterprises: They Hire Workers To Make Profits. In The United States, This Logic Still Works. In Europe, It Hardly Does.

If We Made An Income Pyramid Out Of A Child's Blocks, With Each Layer Portraying $1,000 Of Income, The Peak Would Be Far Higher Than The Eiffel Tower, But Almost All Of Us Would Be Within A Yard Of The Ground.

I Don't Care Who Writes A Nation's Laws - Or Crafts Its Advanced Treaties - If I Can Write Its Economics Textbooks.