Much literary criticism comes from people for whom extreme specialization is a cover either for grave cerebral inadequacy or terminal laziness, the latter being a much-cherished aspect of academic freedom.

Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.

It is not necessary to advertise food to hungry people, fuel to cold people, or houses to the homeless.

People are the common denominator of progress; no improvement is possible with unimproved people.

In the United States, though power corrupts, the expectation of power paralyzes.

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.

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.