The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

In economics, the majority is always wrong.

Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.

There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.

There is a common tendency to ignore the poor or to develop some rationalisation for the good fortune of the fortunate.

The happiest time of anyone's life is just after the first divorce.

In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.