Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.

Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better off if some industries are allowed to wither, their workers lose their jobs, and investors lose their capital - all in the name of the greater glory of globalization - surely ranks near the top.

The Chinese are saving like mad, but they are not getting a very good return on their savings.

Despite the impression created by some economic pundits, the U.S. economy is not a delicate little machine that needs to be fine-tuned with exact precision by benevolent policymakers to keep from breaking down.

Men create the gods in their own image.

You know and I know and economists know that trickle-down economics doesn't work.