A point must be repeated: only the pathological weakness of the financial memory...allows us to believe that the modern experience of....debt...is in any way a new phenomenon.

Power is not something that can be assumed or discarded at will like underwear.

One can relish the varied idiocy of human action during a panic to the full, for, while it is a time of great tragedy, nothing is being lost but money.

There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.

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

Get the process of negotiation away from the small specialized group that some people have called the "nuclear theologians" ... Only a few people can understand the nature of these weapons ... This kept the whole discussion to a very limited group of people who, in a way, had assumed responsibility for saying whether we should live or die.

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.