While we have had short periods where inflation rates have been more intense, a decade of 5 percent plus average inflation is without precedent in the history of the Republic.
In the natural sciences, great names appear hardly anymore, since larger tasks can only be accomplished by groups and teams.
You will find me critical of most of the work now being done on the nature of the urban crisis and of the public policies proposed to ease that crisis.
In the American system, there are four main lines of defense between the free society and chaos.
If the benefits of price and wage controls have been largely illusory, the costs have been very real.
The law blames murder when it punishes the murderer; the law praises those who do not murder when it punishes that murderer, and in this way deters murder.
“My topic is the question ‘Will Capitalism Survive?’ and it might well be subtitled, ‘Joseph Schumpeter Revisited.’”
The big, mostly unspoken question behind our most important decisions on foreign policy has been: Do we now face a Soviet threat or a communist threat?
Any agreement reached with the Soviet government must be evaluated in the context of their past record and their domestic and foreign policies.
Those of us in the advantaged top 10 percent in business are the ones with the opportunity, the obligation, and the safe means to do the corrective job.