We all agree that pessimism is a mark of superior intellect.

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

We talk of the enormous virtues of work, but it turns out that that is mostly for the poor. If you're rich enough or if you're a college professor, the virtue lies in leisure and the use you make of your leisure time.

I have never understood why one's affections must be confined, as once with women, to a single country.

Few economic problems, if any, are difficult of solution. The difficulty, all but invariably, is in confronting them. We know what needs to be done; for reasons of inertia, pecuniary interest, passion or ignorance, we do not wish to say so.

Originality is something that is easily exaggerated, especially by authors contemplating their own work.

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