Happiness does not require an expanding economy

When you see reference to a new paradigm you should always, under all circumstances, take cover.

I would put primary emphasis on a good standard of living equitably distributed. It can't be equal, but one that eliminates the terrible cruelty of poverty.

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.

No intelligence system can predict what a government will do if it doesn't know itself.

Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.

The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.