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

It is almost as important to know what is not serious as to know what is.

It was not hard to persuade people that the market was sound; as always in such times they asked only that the dispiriting voices of doubt be muted and that there should be tolerably frequent expressions of confidence.

The notion that you would initiate a new product without preparing the way by persuasion and advertising and salesmanship is fantastic. It's an integral part of the system.

The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

The oldest [John Kenneth] Galbraith rule is that when you hear that a new era has dawned, you should take cover.

When people put their ballots in the boxes, they are, by that act, inoculated against the feeling that the government is not theirs. They then accept, in some measure, that its errors are their errors, its aberrations their aberrations, that any revolt will be against them. It's a remarkably shrewd and rather conservative arrangement when one thinks of it.