ROBERT BARTLEY

Capitalism is based on a kind of inherited moral climate.

Failures happen in any system.

If you try and level society, then nobody will do anything.

Maintaining a liberal activist judiciary is the only means of keeping policymakers out of control of the American people.

Politicians get elected because of the immediate results demanded by their constituents, not the long-term structural arrangements debated by constitution-makers and political theorists.

Critics intend on changing the balance of public opinion and of political power.

A trade deficit is typical of rapidly growing economies, which require a disproportionate share of the world’s resources, and provide investment opportunities to balance the equation. Indeed, under the accounting identity, investment inflows must be balanced with a deficit on the trade account. The mystery is why we even collect these figures; if we kept similar statistics for Manhattan Island, Park Avenue could lay awake at night worrying about its trade deficit.

Capitalism is based on a kind of inherited moral climate.

Failures happen in any system.

If you try and level society, then nobody will do anything.

Critics intend on changing the balance of public opinion and of political power.

Politicians get elected because of the immediate results demanded by their constituents, not the long-term structural arrangements debated by constitution-makers and political theorists.

Maintaining a liberal activist judiciary is the only means of keeping policymakers out of control of the American people.

A trade deficit is typical of rapidly growing economies, which require a disproportionate share of the world’s resources, and provide investment opportunities to balance the equation. Indeed, under the accounting identity, investment inflows must be balanced with a deficit on the trade account. The mystery is why we even collect these figures; if we kept similar statistics for Manhattan Island, Park Avenue could lay awake at night worrying about its trade deficit.