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

No intelligence system can predict what a government will do if it doesn't know itself.

Under the privilege of the First Amendment many, many ridiculous things are said.

The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.

There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater. What do we worry about? We worry about our schools. We worry about our public recreational facilities. We worry about our law enforcement and our public housing. All of the things that bear upon our standard of living are in the public sector.

It was not hard to persuade people that the market was sound; as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.

To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.