Let Those Who Will Write The Nation's

Thousands Of Important And Intelligent Men Have Never Been Able To Grasp The Principle Of Comparative Advantage Or Believe It Even After It Was Explained To Them

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.

In This Age Of Specialization, I Sometimes Think Of Myself As The Last 'generalist' In Economics, With Interests That Range From Mathematical Economics Down To Current Financial Journalism. My Real Interests Are Research And Teaching.

We're A Me-me-me Generation. We're Borrowing The Savings Of Every Nation In The World. We're ... Piling Up A Big Tab. Now, I May Think We're Too Big To Have A Run On Us. You May Think That. But It's Possible That God Does Not.

When The Economy Was Going Up, [milton Friedman And I] Both Gave The Same Advice, And When The Economy Was Going Down, We Gave The Same Advice. But In Between He Didn't Change His Advice At All.