You could be disqualified for a job [at Harvard] if you were either smart or Jewish or Keynesian. So what chance did this smart, Jewish, Keynesian have?

Funeral by funeral, theory advances.

Economists are said to disagree too much but in ways that are too much alike: If eight sleep in the same bed, you can be sure that, like Eskimos, when they turn over, they'll all turn over together.

Economics has never been a science - and it is even less now than a few years ago.

It isn't that greed's increased. What's increased is the realization that you've got a free field to reach out for what you'd like to do.

I'm not sure most of the people that get caught up in the middle of a bubble can be described as irrational. It seems pretty rational to buy a house and flip it in the next few weeks at a profit when that's been happening for along time.

Reasonable men are not reasonable when you're in the bubbles which have characterized capitalism since the beginning of time.