A wrong decision isn't forever; it can always be reversed. The losses from a delayed decision are forever; they can never be retrieved.

There's a certain part of the contented majority who love anybody who is worth a billion dollars.

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.

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.

In economics, the majority is always wrong.

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.