The Tub Helps Me Relax, And It's

But How Do We Know When Irrational Exuberance Has Unduly Escalated Asset Values, Which Then Become Subject To Unexpected And Prolonged Contractions As They Have In Japan Over The Past Decade?

No Matter How Skillful The Trading Scheme, Over The Long Haul, Abnormal Returns Are Sustained Only Through Abnormal Exposure To Risk.

Skilled Shortages In America Exist Because We Are Shielding Our Skilled Labor Force From World Competition. [visa Quotas] Have Been Substituted For The Wage Pricing Mechanism. In The Process We Have Created [a] Privileged Elite Whose Incomes Are Being Supported At Non-competitively High Levels By Immigration Quotas On Skilled Professionals. Eliminating Such Restrictions Would Reduce At Least Some Of The Income Inequality.

I Have Long Argued That Paying Down The National Debt Is Beneficial For The Economy: It Keeps Interest Rates Lower Than They Otherwise Would Be And Frees Savings To Finance Increases In The Capital Stock, Thereby Boosting Productivity And Real Incomes.

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