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.

Power is not something that can be assumed or discarded at will like underwear.

Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.

The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.

When people put their ballots in the boxes, they are, by that act, inoculated against the feeling that the government is not theirs. They then accept, in some measure, that its errors are their errors, its aberrations their aberrations, that any revolt will be against them. It's a remarkably shrewd and rather conservative arrangement when one thinks of it.

Inventions that are not made, like babies that are not born, are rarely missed.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.