Neither A State Nor A Bank Ever

Profits Are Not Made By Differential Cleverness, But By Differential Stupidity.

The Factors Left Out Of The Ricardian Equation Are Falling Wages And Idle Capacity.

It Appears To Me That One Great Cause Of Our Difference In Opinion On Subjects Which We Often Discuss Is That You Have Always In Mind The Immediate And Temporary Effects Of Particular Changes, Whereas I Put These Effects Quite Aside, And Fix My Whole Attention On The Long-term Effects That Will Result From Them.

A Bounty On The Exportation Of Corn Tends To Lower Its Price To The Foreign Consumer, But It Has No Permanent Effect On Its Price In The Home Market.

Every Transaction In Commerce Is An Independent Transaction.