Education Spending Will Be Most Effective If

It Is Most Attractive About The Us To People And Countries With Wealth Is That It Can Provide Security, Insurance Really, Against Political Instability. Nobody Is Afraid That The Money They Place In The Us Is At Risk Of Expropriation Or Of In Some Other Way Being Taken Away. For This Safety, The Wealth Holders Of The World Are Willing To Accept A Lower Rate Of Return.

Germany's Problem, In Part, Is That It Went Into The Euro At The Wrong Exchange Rate That Overvalued The Deutsche Mark.

You Cannot Simultaneously Have Free Immigration And A Welfare State.

If You Look At The Balance Sheet, The Us Is Heavily In Debt. If You Look At The Income Account - The Amount Of Interest The Us Pays Abroad - It Is Almost Exactly Equal To The Amount Of Interest That It Receives From Abroad. American Assets Held Abroad Are Earning A Higher Rate Of Return Than Foreign Assets Held Here.

What Makes It [economics] Most Fascinating Is That Its Fundamental Principles Are So Simple That They Can Be Written On One Page, That Anyone Can Understand Them, And Yet Very Few Do.