I don't think I've had any great success in predicting politics or social change, nor have I really tried.
The party of ideas has become the party of Beavis and Butthead.
When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.
Friedrich Hayek is not an important figure in the history of macroeconomics.
Politics determines who has the power, not who has the truth.
One way in which Americans have always been exceptional has been in our support for education. First we took the lead in universal primary education; then the “high school movement” made us the first nation to embrace widespread secondary education.