Decision has greater virtue and force if taken after there has been eloquent dissent.

From the fact of general well-being came the new position of the poor. They were now in most communities a minority. The voice of the people was now the voice of relative affluence. Politicians in pursuit of votes could be expected to have a diminishing concern for the very poor. Compassion would have to serve instead - an uncertain substitute.

The fully planned economy, so far from being unpopular, is warmly regarded by those who know it best.

Nothing so weakens government as persistent inflation.

There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater. What do we worry about? We worry about our schools. We worry about our public recreational facilities. We worry about our law enforcement and our public housing. All of the things that bear upon our standard of living are in the public sector.

Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.

Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.