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

The spirit should never grow old.

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.

There is an old saying, or should be, that it is a wise economist who recognizes the scope of his own generalizations.

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.

The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.

The conspicuously wealthy turn up urging the character building values of the privation of the poor.