Don't speculate unless you can make it a full time job.

Society can progress if men's labors show a profit - if they yield more than is put in. To produce at a loss must leave less for all to share.

Old books that have ceased to be of service should no more be abandoned than should old friends who have ceased to give pleasure.

Colleges don't teach economics properly. Unfortunately we learn little from the experience of the past. An economist must know, besides his subject, ethics, logic, philosophy, the humanities and sociology, in fact everything that is part of how we live and react to one another.

Creativity: Take the obvious, add a cupful of brains, a generous pinch of imagination, a bucketful of courage and daring, stir well and bring to a boil.

Information cannot serve as an effective substitute for thinking.

Although the shooting war is over, we are in the midst of a cold war which is getting warmer.