If there must be madness, something may be said for having it on a heroic scale

Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.

In the market economy the price that is offered is counted upon to produce the result that is sought.

I've been a faithful reader of the great classical documents of economics, or tried to be.

The greater the wealth the thicker will be the dirt.

A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.

Inventions that are not made, like babies that are not born, are rarely missed. In the absence of new developments, old ones may seem very impressive for quite a long while.