Foreign policy is conducted for the convenience and enjoyment of people in Washington.

This is a world inhabited not by people who have to be persuaded to believe but by people who want an excuse to believe.

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.

People are the common denominator of progress; no improvement is possible with unimproved people.

I have never understood why one's affections must be confined, as once with women, to a single country.

The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.