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

Superficial observers have long criticized the United States for making a fetish of youth. This is unfair. Uniquely among modern organs of public and private administration, its national legislature rewards senility.

I've been a faithful reader of the great classical documents of economics, or tried to be.

Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.

In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.

Economics exists to make astrology look respectable.

Franklin Delano Roosevelt and J.F Kennedy were Presidents in very different times.