In the United States all business not transacted over the telephone is accomplished in conjunction with alcohol or food, often under conditions of advanced intoxication. This is a fact of the utmost importance for the visitor of limited funds... for it means that the most expensive restaurants are, with rare exceptions, the worst.

The power of the corporate bureaucracy - the power of technostructure (a term that did not take off) - is something to which I still adhere.

The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.

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.

Hermann Goering, Joachim von Ribbentrop, Albert Speer, Walther Frank, Julius Streicher and Robert Ley did pass under my inspectionand interrogation in 1945 but they only proved that National Socialism was a gangster interlude at a rather low order of mental capacity and with a surprisingly high incidence of alcoholism.

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

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