 Companies are not charitable enterprises: They hire workers to make profits. In the United States, this logic still works. In Europe, it hardly does. |
| The problem is no longer that with every pair of hands that comes into the world there comes a hungry stomach. Rather it is that, attached to those hands are sharp elbows. |
| Politicians like to tell people what they want to hear - and what they want to hear is what won't happen. |
| Sooner or later the Internet will become profitable. It's an old story played before by canals, railroads and automobiles. |
| An intriguing paradox of the 1990s is that it isn't called a decade of greed. |
| Globalization presumes sustained economic growth. Otherwise, the process loses its economic benefits and political support. |
| Economics has never been a science - and it is even less now than a few years ago. |
| Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas. |
| Asia's governments come in two broad varieties: young, fragile democracies - and older, fragile authoritarian regimes. |
| Funeral by funeral, theory advances. |
| Self-deception ultimately explains Japan's plight. The Japanese have never accepted that change is in their interest - and not merely a response to U.S. criticism. |
| What we know about the global financial crisis is that we don't know very much. |
| Good questions outrank easy answers. |
| It is not easy to get rich in Las Vegas, at Churchill Downs, or at the local Merrill Lynch office. |
| Every good cause is worth some inefficiency. |
