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The Growth Of A Nation's Productive Potential Is The Central Factor In Determining Its Growth In Real Wages And Living Standards.... High Rates Of Investment And Saving Usually Have A Big Payoff In Promoting Economic Growth.

By Keeping Labor Supply Down, Immigration Policy Tends To Keep Wages High. Let Us Underline This Basic Principle: Limitation Of The Supply Of Any Grade Of Labor Relative To All Other Productive Factors Can Be Expected To Raise Its Wage Rate; And Increase In Supply Will, Other Things Being Equal, Tend To Depress Wage Rates.

Funeral By Funeral, Theory Advances.

The Recent Market Run-up That Appreciated Run-of-the- Mill Shares Also Chanced To Send Up Those Token Gold Holdings. Pure Luck, Undeserved And Unlikely To Reoccur. Good Questions Outrank Easy Answers.

You Know What Happiness Is: 'having A Little More Money Than Your Colleagues.' And That's Not So Tough In Academic Life.