Power is not something that can be assumed or discarded at will like underwear.

I was in charge of price controls in World War II and had a ceiling on overall prices. Everybody who was subject to general maximum price regulation wanted an exception and went to Congress to persuade a Congressman, or a group of people on the Hill, that I was being a menace to their industry.

Pundits forecast not because they know, but because they are asked.

The modern corporation must manufacture not only goods but the desire for the goods it manufactures.

Among all the world's races, some obscure Bedouin tribes possibly apart, Americans are the most prone to misinformation. This is not the consequence of any special preference for mendacity, although at the higher levels of their public administration that tendency is impressive. It is rather that so much of what they themselves believe is wrong.

Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.