There is an enormous thrust in our time to have a simple answer. And that simple answer is that all depends on Alan Greenspan and the Federal Reserve. And Alan, who is an old acquaintance of mine, is a marvelous performer in the impression he gives of enormously great perception.

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.

Nothing so denies a person liberty as the total absence of money.

In the usual (though certainly not in every) public decision on economic policy, the choice is between courses that are almost equally good or equally bad. It is the narrowest decisions that are most ardently debated.

Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.

If people are hungry, ill-clad, unsheltered or diseased, nothing is so important as to remedy their condition.

Getting on the cover of TIME guarantees the existence of opposition in the future.