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“Substantial progress was made in spreading our foreign trade to other areas. Our total trade with Northwest Europe in the first 8 months of last year was 42.3 per cent above the corresponding period the year previous, and our total trade with Asia was up 13.5 per cent. For the first time since 1919, the United States in the first 8 months of 1956 accounted for less than 60 percent of our total trade.”

“For 40 years, the American middle class has been disappearing. Millions of people are working longer hours for lower wages despite a huge increase in technology and productivity. And what we have seen during that period is a massive transfer of trillions of dollars from the middle class to the top one-tenth of 1 percent of America”

“We went over there and fought the war and eventually burned down every town in North Korea anyway, someway or another, and some in South Korea too. Over a period of three years or so, we killed off - what - twenty percent of the population of Korea as direct casualties of war, or from starvation and exposure?”

“Over the past few years, the Supreme Court was six times more likely to accept cases from an elite group of 66 lawyers than it was from more than 99 percent of those who petitioned the court. That's the finding of a recent Reuters special report called "The Echo Chamber." It illustrates how almost half the appeals accepted by the court over a nine-year period came from this cadre of elite lawyers--many of whom have personal connections to the nine justices.”

“Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.”

“Extended families have never been the norm in America; the highest figure for extended-family households ever recorded in Americanhistory is 20 percent. Contrary to the popular myth that industrialization destroyed "traditional" extended families, this high point occurred between 1850 and 1885, during the most intensive period of early industrialization. Many of these extended families, and most "producing" families of the time, depended on the labor of children; they were held together by dire necessity and sometimes by brute force.”

“It makes no difference to a widow with her savings in a 5 percent passbook account whether she pays 100 percent income tax on her interest income during a period of zero inflation or pays no income tax during years of 5 percent inflation. Either way, she is 'taxed' in a manner that leaves her no real income whatsoever. Any money she spends comes right out of capital. She would find outrageous a 100 percent income tax but doesn't seem to notice that 5 percent inflation is the economic equivalent.”

“The early Triassic was a period when the planet was recovering from the worst mass extinction it had ever known - that was the end Permian extinction, where climate change caused in part by mega-volcanic eruptions wiped out ninety-five percent of life on Earth. It took about ten or twenty million years for the planet's ecosystems to stabilize. During that time you saw a lot of weird, out-of-balance ecosystems where, for example, crocodile-like predators ripped the crap out of each other along the coasts.”

“When you are incubating new ideas, "Don't put all your eggs in one basket" is very good advice. But when you are seeking to transform your enterprise's portfolio by scaling a fledgling business to material size - say ten percent of total enterprise revenue - then it is imperative that you make that the singular focus of everyone in the enterprise for the two to three year period it is likely to require to reach its tipping point. Expecting to do two such scaling efforts in parallel is simply folly, yet that is what the "eggs/basket" idea is often used to justify.”

“Some people say Russia is running at 50 percent of its gross domestic product under that during the Communist period. In fact, none of the countries seems to have recovered the level that they had under communism, although the other countries in Eastern Europe are doing better than Russia and particularly the Czech Republic seems to be doing modestly well. East Germany I can't count because they have a rich uncle. You have economic benefits which have nothing to do with the workings of the system.”

“A lot of what is done by the climate lobby is anti-science. But there is some science behind it. Like, there are greenhouse gases, and they do contribute to warming. But if you look at the last, say, 160 years, the first 80 of that period, they went up about four-tenths of a degree. And now, the second 80 that CO2 has increased by, what, 30 percent or something, it's gone up five-tenths of a degree. And there's been in the last 30 or 40 years, there's been no real increase in storms or bad weather.”

“In the 1990s - the period of the greatest escalation of the drug war - nearly 80 percent of the increase in drug arrests was for marijuana possession, a drug less harmful than alcohol or tobacco and at least, if not more, prevalent in middle class white neighborhoods and college campuses as it is in the 'hood.”

“Over the period from 1988 to 2005, the income share of the top five percent has grown by about 3.5 percent of global household income, and the shares of all the other groups have diminished. The greatest relative reduction was in the bottom quarter, which lost about one third of its share of global household income, declining from 1.155 to 0.775 percent, and now is even more marginalized.”