To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.

Man, at least when educated, is a pessimist. He believes it safer not to reflect on his achievements; Jove is known to strike such people down.

All crises have involved debt that, in one fashion or another, has become dangerously out of scale in relation to the underlying means of payment.

Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

When people are least sure, they are often most dogmatic.

Economics exists to make astrology look respectable.