In economics it is a far, far wiser thing to be right than to be consistent

If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.

In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.

We have a swarm of people in the stock market - not out of knowledge, not out of expectation, but out of basically a gambling instinct, the hope that prices will go up.

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

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.

Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.