Complexity and obscurity have professional value - they are the academic equivalents of apprenticeship rules in the building trades. They exclude the outsiders, keep down the competition, preserve the image of a privileged or priestly class. The man who makes things clear is a scab. He is criticized less for his clarity than for his treachery.

I think without a doubt, that what is called "financial genius" is merely a rising market.

It was Herbert Spencer, not Charles Darwin, who coined the phrase Survival of the Fittest.

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).

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

Politics is the art of choosing between the disastrous and the unpalatable.