Quotes of the day

It's hard to keep church and state separate when you have government schools.--Arnold Kling

But saving plays a less important role in economic progress today than it did in the sixteenth century. Its role in powering economic growth has been taken over, to a large extent, by technology. The great rise in standards of living worldwide is due far more to technological progress than to high rates of savings, that is, to deferring consumption.--Richard Posner

For this reason, the most forward looking and least impulsive college educated individuals want to borrow, not save, when they are young in order to raise their consumption then, and thereby help smooth out their consumption as they age.--Gary Becker

Diseases like malaria that kill over a million people a year get far less attention than drugs to help with baldness.--Bill Gates

If wealthy CEOs will cheat, why won't NBA refs?--Tyler Cowen

Divided government doesn't ensure good government, but it may limit bad government by checking the worst instincts of both parties.--Robert Samuelson

The entrepreneurs are trying to solve our energy problems. What is government doing? Putting a tariff on Brazilian sugar cane, among other things.--Arnold Kling