Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
In the United States, though power corrupts, the expectation of power paralyzes.
Economics is extremely useful as a form of employment for economists.
But there is merit even in the mentally retarded legislator. He asks the questions that everyone is afraid to ask for fear of seeming simple.
There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.
Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
In the world of minor lunacy, the behavior of both the utterly rational and the totally insane seems equally odd.
If there must be madness, something may be said for having it on a heroic scale
The capacity for erroneous belief is very great, especially where it coincides with convenience.
Power is not something that can be assumed or discarded at will like underwear.
The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to...
Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in...
It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
Wealth is the relentless enemy of understanding
Then the shit hit the fan.
The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version. All financial innovation involves in one form or another, the creation of debt sec...
Speculation, it has been noted, comes when popular imagination settles on something seemingly new in the field of commerce or finance.
Prime threat hovering over a society of general well-being.
Under capitalism, man exploits man; while under socialism just the reverse is true.
The process by which money is created is so simply that the mind is repelled. Where something so important is involved, a deeper mystery seems only decent.