In all modern depressions, recessions, or growth-correction, as variously they are called, we never miss the goods that are not produced. We miss only the opportunities for the labour - for the jobs - that are not provided.

No intelligence system can predict what a government will do if it doesn't know itself.

One of the best ways of avoiding necessary and even urgent tasks is to seem to be busily employed on things that are already done.

Faced with having to change our views or prove that there is no need to do so, most of us immediately get busy on the proof.

She is a reflection of comfortable middle-class values that do not take seriously the continuing unemployment. What I particularly regret is that she does not take seriously the intellectual decline. Having given up the Empire and the mass production of industrial goods, Britain's future lay in its scientific and artistic pre-eminence. Mrs Thatcher will be long remembered for the damage she has done.

Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy — what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows.

A good rule of conversation is never answer a foolish question.