“There is nothing as dangerous as an economist who only knows economics except the moral philosopher who knows no economics.”

“An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.”

“The world has enough women who know how to be smart. It needs women who are willing to be simple. The world has enough women who know how to be brilliant. It needs some who will be brave. The world has enough women who are popular. It needs more who are pure. We need women, and men, too, who would rather be morally right than socially correct.”

“It is only those who do nothing who makes no mistake.”

“China is now, without doubt, the Mother of all Bubbles, and it will soonbe the mother of all economic disasters when that bubble bursts, bringingglobal economic calamity of unprecedented proportions, to unprecedentednumbers of people, all around the world.”

“The joint committee invited economists of many economic stripes to model what would happen if America switched from the current code to a unified income tax or a consumption tax. Every economist who modeled reported that the consumption tax would increase long-term economic growth.”

“The economics we need is of the "seminar room" variety, not the "rule-of-thumb" kind. It is an economics that recognizes its limitations and caveats and knows that the right message depends on the context. The fine print is what economists have to contribute.”