There can be no question, however, that prolonged commitment to mathematical exercises in economics can be damaging. It leads to the atrophy of judgement and intuition. . .

Washington is a place where men praise courage and act on elaborate personal cost-benefit calculations.

I was brought up in southwestern Ontario where we were taught that Canadian patriotism should not withstand anything more than a five-dollar-a-month wage differential. Anything more than that and you went to Detroit.

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

The process by which banks create money is so simple that the mind is repelled.

Under the privilege of the First Amendment many, many ridiculous things are said.

Anyone who says he won't resign four times, will.