My rule on honorary degrees has always been to have one more than Arthur Schlesinger Jr.

Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done; for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.

Men will look back in amusement at the pretence that once caused people to refer to General Dynamics and North American Aviation and AT&T as private business.

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.

The greater the wealth the thicker will be the dirt.

When everything else failed, we can still become immortal by making an enormous blunder.

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