In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less.

The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

In the world of minor lunacy the behaviour of both the utterly rational and the totally insane seems equally odd.

Had the Bible been in clear straightforward language, had the ambiguities and contradictions been edited out, and had the language been constantly modernised to accord with contemporary taste it would almost certainly have been, or become, a work of lesser influence.

The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.

I have never understood why one's affections must be confined, as once with women, to a single country.

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