I think without a doubt, that what is called "financial genius" is merely a rising market.

We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.

If you get a reputation for being honest, you have 95 percent of the competition already beat.

The enemy of the conventional wisdom is not ideas but the march of events.

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

People are the common denominator of progress; no improvement is possible with unimproved people.

Let’s begin with capitalism, a word that has gone largely out of fashion. The approved reference now is to the market system. This shift minimizes - indeed, deletes - the role of wealth in the economic and social system. And it sheds the adverse connotation going back to Marx. Instead of the owners of capital or their attendants in control, we have the admirably impersonal role of market forces. It would be hard to think of a change in terminology more in the interest of those to whom money accords power. They have now a functional anonymity.