There is something wonderful in seeing a wrong-headed majority assailed by truth.

I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.

I react to what is necessary. I would like to eschew any formula.

It takes some skill to spoil a breakfast - even the English can't do it.

There are times in politics when you must be on the right side and lose.

Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.

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