There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of the those who do not have insight to appreciate the incredible wonders of the present.

Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.

From the spring of 1941, I controlled all prices in the United States. You could lower a price without my permission, but you couldn't raise a price without my permission or that of my staff.

Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof.

I'm certainly going to support Al Gore because, on the whole, he's the more sensible figure and you vote not for the perfect but for the best. Coupled with that is a special situation.

It is a well known and very important fact that America's founding fathers did not like taxation without representation. It is a lesser known and equally important fact that they did not much like taxation with representation.

The privileged have regularly invited their own destruction with their greed.