A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.

The individual serves the planning system not by supplying it with savings and the resulting capital; he serves it far more by consuming its products.

I think the role of the Federal Reserve is enormously exaggerated.

The greater the wealth the thicker will be the dirt.

If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.

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

There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater. What do we worry about? We worry about our schools. We worry about our public recreational facilities. We worry about our law enforcement and our public housing. All of the things that bear upon our standard of living are in the public sector.