Steve FarrellAs the delegates filtered in the week and a half prior to the start of the Constitutional Convention in May of 1787, George Washington turned to Gouverneur Morris and said:

Thomas SowellWhen people learn that you are an economist, they often want you to predict which way the economy is going. There seem to be more than the usual number of calls for such predictions lately. But an economist should be more aware than others are of how hazardous such predictions can be.

Ralph ReilandMy first recommendation is very basic. Don’t cut class. As Woody Allen stated, “Eighty percent of success is just showing up.” And it’s best to show up on time. Remember the old Tibetan proverb: “Man who comes to work early and leaves late ends up with tallest stack of Sichuan rupees.”

Chip WoodHow much money do you have in your wallet? I’m not trying to be nosey. I want to make a very important point about what is wealth — and why what we call “dollars” have lost 80 percent of their purchasing power since I came kicking and screaming into the world.

Walter WilliamsPerhaps the most difficult economic lesson is that we live in a world of scarcity and everything has a cost. Scarcity exists whenever human wants exceed the means to satisfy those wants.

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