Central banks can print money. But central banks cannot print wealth. Productivity creates wealth.
Once upon a time my opponents honored me as possessing the fabulous intellectual and economic power by which I created a worldwide depression all by myself.
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body, the producers and consumers themselves.
Radicalism itself ceases to be radical when absorbed mainly in preserving its control over a society or an economy.
Instead of begging OPEC to drop its oil prices, let’s use American leadership and ingenuity to solve our own energy problems.
Oil prices have fallen lately. We include this news for the benefit of gas stations, which otherwise wouldn’t learn of it for six months.
Economic growth is not only unncessary, but ruinous.
Natural resources and oil have been good to me, but the big money to be made in those sectors is all over.
Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.
If one could divine the nature of the economic forces in the world, one could foretell the future.