In any great organization it is far, far safer to be wrong with the majority than to be right alone.

Under the privilege of the First Amendment many, many ridiculous things are said.

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.

It is possible that people need to believe they are unmanaged if they are to be managed effectively.

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.

It's great to be with William Buckley, because you don't have to think. He takes a position and you automatically take the opposite one and you know you're right.