Preservationists are the only people in the world who are invariably confirmed in their wisdom after the fact.

The privileged have regularly invited their own destruction with their greed.

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

I've been writing a book called The Economics of Innocent Fraud. I published part of it already in The Progressive ("Free Market Fraud," January 1999). But I've been interrupted these last few months. It deals with all of the things we do, in an innocent way, to cover up the truth.

If it is dangerous to suppose that government is always right, it will sooner or later be awkward for public administration if most people suppose that it is always wrong.

Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

Wisdom... is often an abstraction associated not with fact or reality but with the man who asserts it and the manner of its assertion.