The hometown economic elite - rich local families or individuals whom people used to praise or revile, read about in the society pages, and gossip about incessantly - disappeared from most American cities decades ago.
The intriguing aspect of food charges on airlines is that they create the perfect laboratory for any economist who wishes to study the question of how to price a good that possesses, by universal consensus, absolutely no objective value.
What type of 'person' is the for-profit corporation? A spoiled brat - all rights and no responsibilities, a traditional conservative argument would say.
If Romney were a chair, he'd be a squishy, expensively upholstered easy chair that bore the imprint of whoever last sat on it.
No man is an island. If you want to blame anybody for poisoning the world with that socialistic idea, blame John Donne.
Without the three-fifths rule, there wouldn't have been a Constitution of the United States - not one that governed the American South, at any rate - because the South wouldn't have ratified it.
Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.
When businesses affirmatively like regulations, that's when to reach for your wallet.
Various people have explained why Henry Kissinger is a bad choice to run an investigation into what went wrong on Sept. 11. He's a liar. He's an apologist for corrupt regimes.
Nothing energizes me more than to burrow myself under a pile of received wisdom and emerge triumphant with the truth.
To pine for the days before public education became a practical reality is to pine for an America held back by mass ignorance and mass illiteracy.
Customer service, they say, is dead. Actually, it isn't. It's just hiding behind a call center in Manila.
The embourgeoisement of China's proletariat may be the inevitable result of its industrialization, but 'inevitable' isn't the same as 'speedy.'
Being a teacher is back-breakingly difficult work. It is also extremely important work.
Economic inequality is less troubling if you live in a country where any child, no matter how humble his or her origins, can grow up to be president.
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