The conventional view serves to protect us from the painful job of thinking.

Meetings are indispensable when you don't want to do anything.

Milton Friedman’s misfortune is that his economic policies have been tried.

Hermann Goering, Joachim von Ribbentrop, Albert Speer, Walther Frank, Julius Streicher and Robert Ley did pass under my inspectionand interrogation in 1945 but they only proved that National Socialism was a gangster interlude at a rather low order of mental capacity and with a surprisingly high incidence of alcoholism.

When people are least sure, they are often most dogmatic.

Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.

The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.