Economics is extremely useful as a form of employment for economists.

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.

I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.

Wisdom... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.

The contented and economically comfortable have a very discriminating view of government. Nobody is ever indignant about bailing out failed banks and failed savings and loans associations... But when taxes must be paid for the lower middle class and poor, the government assumes an aspect of wickedness.

Commencement oratory must eschew anything that smacks of partisan politics, political preference, sex, religion or unduly firm opinion. Nonetheless, there must be a speech: Speeches in our culture are the vacuum that fills a vacuum.

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