Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.
Kelsoism is not accepted by modern scientific economics as a valid and fruitful analysis of the distribution of income but rather it is regarded as an amateurish and cranky fad.
Profits are the lifeblood of the economic system, the magic elixir upon which progress and all good things depend ultimately. But one man's lifeblood is another man's cancer.
To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.
Every good cause is worth some inefficiency.
What we know about the global financial crisis is that we don't know very much.
Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.
I don't care who writes a nation's laws - or crafts its advanced treaties - if I can write its economics textbooks.
An intriguing paradox of the 1990s is that it isn't called a decade of greed.
Good questions outrank easy answers.
Last Update: 31 January 2023
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