Robert Solow

The wealth-income ratio in the United States has always been lower than in Europe. The main reason in the early years was that land values bulked less in the wide open spaces of North America. There was, of course, much more land, but it was very cheap.

We have fluctuations all the time, business cycles, and they come about in various ways, but normally what sets them off is some reduction in the willingness of our population, our businesses, and foreigners to buy.

John Quincy Adams ranks with Jimmy Carter on the roster of ex-presidential redemption. Instead of completing a biography of his father, he let himself be elected to the House, where he spent nine terms in Whiggish opposition to the Democrats, supporting a national bank and a protective tariff and internal improvements.

The government would be able to go to court with respect to newspaper articles, broadcast pieces and the like that they thought were bad or harmful or even against the government and try to block them.