Economics Has Never Been A Science -

What We Know About The Global Financial Crisis Is That We Don't Know Very Much.

The Niceties Of Existence Were Not A Matter Of Concern, Yet Everything Around Was Closed Down Most Of The Time. If You Lived In A Middle-class Community In Chicago, Children And Adults Came Daily To The Door Saying, 'we Are Starving, How About A Potato?' I Speak From Poignant Memory.

Suppose It Was Demonstrated That One Out Of Twenty Alcoholics Could Learn To Become A Moderate Social Drinker. The Experienced Clinician Would Answer, 'even If True, Act As If It Were False, For You Will Never Identify That One In Twenty, And In The Attempt Five In Twenty Will Be Ruined.' Investors Should Forsake The Search For Such Tiny Needles In Huge Haystacks.

Globalization Presumes Sustained Economic Growth. Otherwise, The Process Loses Its Economic Benefits And Political Support.

Thousands Of Important And Intelligent Men Have Never Been Able To Grasp The Principle Of Comparative Advantage Or Believe It Even After It Was Explained To Them