[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.

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

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.

Third party politics, at least since La Follette, has always had an element of romance.

These are the days when men of all social disciplines and all political faiths seek the comfortable and the accepted; when the man of controversy is looked upon as a disturbing influence; when originality is taken to be a mark of instability; and when, in minor modification of the original parable, the bland lead the bland.

We all agree that pessimism is a mark of superior intellect.

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.