In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.

There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.

In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's an integral part of the system.

I think without a doubt, that what is called "financial genius" is merely a rising market.