Once constituted, capital reproduces itself faster than output increases. The past devours the future.

Capitalism and market forces are very powerful in producing wealth and innovation. But we need to ensure that these forces act in the common interest.

I think if you look back through time, the history of income, wealth and taxation is full of surprise. So I am not terribly impressed by those who know in advance what will or will not happen.

Having a decent share of the national wealth for the middle class is not bad for growth. It is actually useful both for equity and efficiency reasons.

For a government to declare a vice to be a crime, and to punish it as such, is an attempt to falsify the very nature of things. It is as absurd as it would be to declare truth to be falsehood, or falsehood truth.

In Europe, it appears that in the name of democracy, elites are pursuing an autocratic, centralized power, seeking economic control and social regimentation.

Politics isn't just about doing the right thing. It's also about winning.

From the takeover of Detroit and the failed stimulus packages to the enactment of Obamacare, the president and congressional Democrats chose to use Americas economic crisis as an excuse to expand government rather than as an opportunity to responsibly shrink it.