The enemy of the conventional wisdom is not ideas but the march of events.

One of the greatest pieces of economic wisdom is to know what you do not know.

I am not quite sure what the advantage is in having a few more dollars to spend if the air is too dirty to breathe, the water too polluted to drink, the commuters are losing out in the struggle to get in and out of the city, the streets are filthy, and the schools so bad that the young perhaps wisely stay away, and the hoodlums roll citizens for some of the dollars they saved in the tax cut.

Change comes not from men and women changing their minds, but from the change from one generation to the next.

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.

Of all classes the rich are the most noticed and the least studied.

I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.