"In economics it is a far, far wiser thing to be right than to be consistent."

"Beware of little expenses; a small leak will sink a great ship.’"

"The art of the economist is not in making forecasts about what the economy will do in the next quarter, but in seeing the subtle shifts that accumulate over time, and change our world… If you can figure where the economy will zig instead of zag, you have a tremendous advantage. Every change is a new opportunity, and if you find the new trajectory in an industry or the economy, there's a real opportunity to profit."

"We have always known that heedless selfinterest was bad morals; we now know that it is bad economics"

"The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists."

"Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it."

"Stimulating the economy is like stimulating your body - there are good ways and bad ways to do it. "

"By 2010 - - two years from now - - 90 percent of the world's engineers will live in Asia. Why is this so important? Because America's horn of plenty over the past century has been filled by our ability to innovate and create new technologies that spur economic growth and improve the quality of our lives. The race to stay ahead in the brain race is critical to our future world leadership and we need our government, our education system and the private sector to step up to the challenge - - big time."

"An economist's guess is liable to be as good as anybody else's."

“The study of economy usually shows us that the best time for purchase was last year.”