Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.

I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.

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

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.

But now, as throughout history, financial capacity and political perspicacity are inversely correlated.

Good writing, and this is especially important in a subject such as economics, must also involve the reader in the matter at hand. It is not enough to explain. The images that are in the mind of the writer must be made to reappear in the mind of the reader, and it is the absence of this ability that causes much economic writing to be condemned, quite properly, as abstract.

There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.