“Most economists would concede that, in theory, government has the tools to smooth the business cycle. The problem is that fiscal policy is not made in theory; it's made in Congress.”
“The Theory of Evolution has more holes in it than a dam made out of Swiss cheese.”
“Even the most well-meaninggovernment policies have unintended consequences that have harmedthe economy. If government policies were today held accountable the wayprivate businesses are, the scoreboard would say government is failingto help people...and this is a fact.”
“Progress in science is governed by the laws of repulsion, every step forward is made by refutation of prevalent errors and false theories. Forward steps in art are governed by the law of attraction, are the result of imitation of and admiration for beloved predecessors.”
“No tools are required to assemble Chaos Theory.”
“However much the theory of political realism may have been misunderstood and misinterpreted, there is no gainsaying its distinctive intellectual and moral attitude to matters political.Intellectually, the political realist maintains the autonomy of the political sphere, as the economist, the lawyer, the moralist maintain theirs. He thinks in terms of interest defined as power, as the economist thinks in terms of interest defined as wealth; the lawyer, of the conformity of action with legal rules; the moralist, of the conformity of action with moral principles. The economist asks: "How does this policy affect the wealth of society, or a segment of it?" The lawyer asks: "Is this policy in accord with the rules of law?" The moralist asks: "Is this policy in accord with moral principles?" And the political realist asks: "How does this policy affect the power of the nation?”