Of late I have searched diligently to discover the advantages of age, and there is, I have concluded, only one. It is that lovely women treat your approaches with understanding rather than with disdain.

If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).

We have escapist fiction, so why not escapist biography?

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

The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

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

We live surrounded by a systematic appeal to a dream world which all mature, scientific reality would reject. We, quite literally, advertise our commitment to immaturity, mendacity and profound gullibility. It is as the hallmark of the culture. And it is justified as being economically indispensable.