The years of the Great Depression were a superb time for economists because people not knowing what could be done or what should be done would always assume that maybe an economist had the answer. If you were just a lawyer in Washington, you were nobody. But if you were an economist, you might have the answer.

Power is not something that can be assumed or discarded at will like underwear.

There are a significant number of learned men and women who hold that any successful effort to make ideas lively, intelligible and interesting is a manifestation of deficient scholarship. This is the fortress behind which the minimally coherent regularly find refuge.

Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.

Anyone who says he won't resign four times, will.

One of the greatest pieces of economic wisdom is to know what you do not know.

I've been a faithful reader of the great classical documents of economics, or tried to be.