I talked about the consolidation of power in the hands of the corporate bureaucracy, as distinct from the stockholders. To this view, I still strongly adhere.

Economics is extremely useful as a form of employment for economists.

Authorship of any sort is a fantastic indulgence of the ego.

In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.

In numerous years following the war, the Federal Government ran a heavy surplus. It could not (however) pay off its debt, retire its securities, because to do so meant there would be no bonds to back the national bank notes. To pay off the debt was to destroy the money supply.

Nothing is so admirable in politics as a short memory.

I predict, not because I know, but because I'm asked.