It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.

Men have been swindled by other men on many occasions. The autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling themselves.

Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.

Power is not something that can be assumed or discarded at will like underwear.

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.

The problem of the modern economy is not a failure of a knowledge of economics; it's a failure of a knowledge of history.

Increasingly in recent times we have come first to identify the remedy that is most agreeable, most convenient, most in accord with major pecuniary or political interest, the one that reflects our available faculty for action; then we move from the remedy so available or desired back to a cause to which that remedy is relevant.