I trust that a graduate student some day will write a doctoral essay on the influence of the Munich analogy on the subsequent history of the twentieth century. Perhaps in the end he will conclude that the multitude of errors committed in the name of Munich may exceed the original error of 1938.

The broad liberal objective is a balanced and flexible "mixed economy," thus seeking to occupy that middle ground between capitalism and socialism whose viability has so long been denied by both capitalists and socialists.

Economists are about as useful as astrologers in predicting the future (and, like astrologers, they never let failure on one occasion diminish certitude on the next).

People who claw their way to the top are not likely to find very much wrong with the system that enabled them to rise.

Clarity in language depends on clarity in thought.

I trust that a graduate student some day will write a doctoral essay on the influence of the Munich analogy on the subsequent history of the twentieth century. Perhaps in the end he will conclude that the multitude of errors committed in the name of Munich may exceed the original error of 1938.

Almost all important questions are important precisely because they are not susceptible to quantitative answer.