The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.

By all but the pathologically romantic, it is now recognized that this is not the age of the small man.

We're all subject to the daily pressures of consumer persuasion.

Some things were never meant to be recycled.

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.

We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.

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