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.

Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.

The enemy of the conventional wisdom is not ideas but the march of events.

The complaints of the privileged are too often confused with the voice of the masses.

A more important antidote to American democracy is American gerontocracy. The positions of eminence and authority in Congress are allotted in accordance with length of service, regardless of quality.

When you see reference to a new paradigm you should always, under all circumstances, take cover.

I do the best with what exists.