Unemployment is a reproach to a democratic government.

A depression is a situation of self-fulfilling pessimism.

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.

A sure sign of a crisis is the prevalence of cranks. It is characteristic of a crisis in theory that cranks get a hearing from the public which orthodoxy is failing to satisfy.

Unemployment is a reproach to a democratic government.

The only thing worse than being exploited by capitalism is not being exploited by capitalism.