Economists Have Much To Be Humble About.

Even If This Advice To Portfolio Decision Makers To Drop Dead Is Good Advice, It Obviously Is Not Counsel That Will Be Eagerly Followed. Few People Will Commit Suicide Without A Push. And Fewer Still Will Pay Good Money To Be Told To Do What Is Against Human Nature And Self-interest To Do.

By Keeping Labor Supply Down, Immigration Policy Tends To Keep Wages High. Let Us Underline This Basic Principle: Limitation Of The Supply Of Any Grade Of Labor Relative To All Other Productive Factors Can Be Expected To Raise Its Wage Rate; And Increase In Supply Will, Other Things Being Equal, Tend To Depress Wage Rates.

Sooner Or Later The Internet Will Become Profitable. It's An Old Story Played Before By Canals, Railroads And Automobiles.

We Are Like Highly Trained Athletes, Who Never Run A Race.

Two-thirds Of A Century After [the Road To Serfdom] Got Written, Hindsight Confirms How Inaccurate Its Innuendo About The Future Turned Out To Be.