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

It is my guiding confession that I believe the greatest error in economics is in seeing the economy as a stable, immutable structure.

There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.

[Franklin Delano] Roosevelt was the central world figure in the two great disasters of this century - the Great Depression and World War II. By contrast, JFK came in relatively peaceful, agreeable times.

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

I think the role of the Federal Reserve is enormously exaggerated.

All successful revolutions are the kicking in of a rotten door.