The privileged have regularly invited their own destruction with their greed.

My rule on honorary degrees has always been to have one more than Arthur Schlesinger Jr.

There was the Missile Crisis, but one can't attribute to the [J.F.] Kennedy years anything like the problems that [Franklin] Roosevelt stood over and surmounted.

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.

Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

The Metropolis should have been aborted long before it became New York, London or Tokyo.