Economists are economical, among other things, of ideas; most make those of their graduate days do for a lifetime.

In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We miss only the opportunities for the labour - for the jobs - that are not provided.

Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

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

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

When everything else failed, we can still become immortal by making an enormous blunder.