From the development of the textile loom two centuries ago to today's Internet, output per hour has increased… — Alan Greenspan

An area in which more rather than less government involvement is needed, in my judgment, is the rooting out of fraud. It is the bane of any market system.

The probability of ten consecutive heads is 0.1 percent; thus, when you have millions of coin tossers, or investors, in the end there will be thousands of very successful practitioners of coin tossing, or stock picking.

In general, corruption tends to exist whenever governments have favors to extend, or something to sell.