I came to a stark realization: chronic surpluses could be almost as destabilizing as chronic deficits. — 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.

From the development of the textile loom two centuries ago to today's Internet, output per hour has increased fifty fold.

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.