I react pragmatically. Where the market works, I'm for that. Where the government is necessary, I'm for that. I'm deeply suspicious of somebody who says, 'I'm in favor of privatization,' or, 'I'm deeply in favor of public ownership.' I'm in favor of whatever works in the particular case.

By all but the pathologically romantic, it is now recognized that this is not the age of the small man.

Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.

The huge capacity to purchase submission that goes with any large sum of money, well, this we have. This is a power of which we should all be aware.

In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less.

The income men derive from producing things of slight consequence is of great consequence. The production reflects the low marginal utility of the goods to society. The income reflects the high total utility of a livelihood to a person.

In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.