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.

Modesty is a vastly overrated virtue.

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 only function of economic forecasting is to make astrology look respectable.

Were it part of our everyday education and comment that the corporation is an instrument for the exercise of power, that it belongs to the process by which we are governed, there would then be debate on how that power is used and how it might be made subordinate to the public will and need. This debate is avoided by propagating the myth that the power does not exist.

The spirit should never grow old.

Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in the two days following the Thursday [24th October 1929] disaster.