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.

One of the best ways of avoiding necessary and even urgent tasks is to seem to be busily employed on things that are already done.

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

Getting on the cover of TIME guarantees the existence of opposition in the future.

Nothing so weakens government as persistent inflation.

I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.