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.

Nothing is so admirable in politics as a short memory.

The inborn instability of capitalism has been part of the history of the system for several hundred years.

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.

Decision has greater virtue and force if taken after there has been eloquent dissent.

It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.