If patriotism is, as Dr. Johnson used to remark, the last refuge of the scoundrel, wrapping outdated industry in the read more

If patriotism is, as Dr. Johnson used to remark, the last refuge of the scoundrel, wrapping outdated industry in the mantle of national interest is the last refuge of the economically dispossessed. In economic terms, pleading national interest is the declining cottage industry of those who have been bypassed by the global economy.

In all recorded history there has not been one economist who has had to worry about where the next meal read more

In all recorded history there has not been one economist who has had to worry about where the next meal would come from.

Only positive consequences encourage good future performances.

Only positive consequences encourage good future performances.

The creditor hath a better memory than the debtor.

The creditor hath a better memory than the debtor.

The world does not pay for what a person knows, but it pays for what a person does with what read more

The world does not pay for what a person knows, but it pays for what a person does with what he knows.

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell read more

Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.

He that maketh haste to be rich shall not be innocent. [Proverbs 28:20].

He that maketh haste to be rich shall not be innocent. [Proverbs 28:20].

Finance is the art of passing currency from hand to hand until it finally disappears.

Finance is the art of passing currency from hand to hand until it finally disappears.

Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the read more

Energetic action on debt would make a radical difference to the prospects of many of the poorest countries in the world, at no practical cost to creditor countries.