The attraction of power we take for granted in politics.. But in economics...the thrust...is for pecuniary return, for money. And I have always felt that denies in the economic world a very large part of the motivation.

If you get a reputation for being honest, you have 95 percent of the competition already beat.

Those who had been riding the upward wave decide now is the time to get out. Those who thought the increase would be forever find their illusion destroyed abruptly, and they, also, respond to the newly revealed reality by selling or trying to sell. And thus the rule, supported by the experience of centuries: the speculative episode always ends not with a whimper but with a bang.

I am worried about our tendency to over invest in things and under invest in people.

In the autumn of 1929 the mightiest of Americans were, for a brief time, revealed as human beings.

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

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.