A person buying ordinary products in a supermarket is in touch with his deepest emotions.

There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.

If anything is evident about people who manage money, it is that the task attracts a very low level of talent, one that is protected in its highly imperfect profession by the mystery that is thought to enfold the subject of economics in general and of money in particular.

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

There are times in politics when you must be on the right side and lose.

It is possible that people need to believe they are unmanaged if they are to be managed effectively.

I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.