Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.

Under capitalism, man exploits man. Under communism, it's just the opposite.

Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.

From the spring of 1941, I controlled all prices in the United States. You could lower a price without my permission, but you couldn't raise a price without my permission or that of my staff.

Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.

The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

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