Partly, the Russian system succeeds because, in contrast to the Western industrial economies, it makes full use of its manpower.

Almost every aspect of its (Federal Reserve) history should be approached with a discriminating disregard for what is commonly taught or believed.

The Senate has unlimited debate; in the House, debate is ruthlessly circumscribed. There is frequent discussion as to which technique most effectively frustrates democratic process.

There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.

Modesty is a vastly overrated virtue.

If you're rich you can buy books. If you're poor, you need a library.

To see economic policy as a problem of choice between rival ideologies is the greatest error of our time.