When trust is lost, a nation's ability to transact business is palpably undermined. — 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.