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

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

Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

Things that come from the private sector are in abundant supply; things that depend on the public sector are widely a problem. We're a world, as I said in The Affluent Society, of filthy streets and clean houses, poor schools and expensive television.

All successful revolutions are the kicking in of a rotten door. The violence of revolutions is the violence of men who charge into a vacuum.

I predict, not because I know, but because I'm asked.

I would put primary emphasis on a good standard of living equitably distributed. It can't be equal, but one that eliminates the terrible cruelty of poverty.