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

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.

If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves.

In Europe and the United States the two decades following the Second World War will for long be remembered as a very good time, the time when capitalism really worked. Everywhere in the industrialized countries production increased. Unemployment was everywhere low. Prices were nearly stable. When production lagged and unemployment rose, governments intervened to take up the slack, as Keynes had urged.

I've become accustomed to supporting politicians who are more conservative than I am. This is not entirely a surprise.

Even in such a time of madness as the late twenties, a great many man in Wall Street remained quite sane. But they also remained very quiet. The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil. Perhaps this is inherent. In a community where the primary concern is making money, one of the necessary rules is to live and let live. To speak out against madness may be to ruin those who have succumbed to it. So the wise in Wall Street are nearly always silent. The foolish thus have the field to themselves. None rebukes them.