Third party politics, at least since La Follette, has always had an element of romance.

The shortcomings of economics are not original error but uncorrected obsolescence. The obsolescence has occurred because what is convenient has become sacrosanct. Anyone who attacks such ideas must seem to be a trifle self-confident and even aggressive. The man who makes his entry by leaning against an infirm door gets an unjustified reputation for violence. Something is to be attributed to the poor state of the door.

Some things were never meant to be recycled.

There is something wonderful in seeing a wrong-headed majority assailed by truth.

To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.

The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.