In the market economy the price that is offered is counted upon to produce the result that is sought.
In the conventional wisdom of conservatives, the modern search for security is regularly billed as the greatest single threat to economic progress.
The urge to consume is fathered by the value system which emphasizes the ability of the society to produce.
There is something wonderful in seeing a wrong-headed majority assailed by truth.
No hungry man who is also sober can be persuaded to use his last dollar for anything but food.
The questions that are beyond the reach of economics-the beauty, dignity, pleasure and durability of life-may be inconvenient but they are important.
Consumer wants can have bizarre, frivolous, or even immoral origins, and an admirable case can still be made for a society that seeks to satisfy them. But the case cannot stand if it is the process of satisfying wants that create the wants.
Where humor is concerned there are no standards – no one can say what is good or bad, although you can be sure that everyone will.
The more underdeveloped the country, the more overdeveloped the women.
If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves.
If a man didn’t make sense, the Scotch felt it was misplaced politeness to try to keep him from knowing it. Better that he be aware of his reputation, for this would encourage reticence which goes well with stupidity.
I have never understood why one’s affections must be confined, as once with women, to a single country.
In central banking as in diplomacy, style, conservative tailoring, and an easy association with the affluent count greatly and results far much less.
Inventions that are not made, like babies that are not born, are rarely missed. In the absence of new developments, old ones may seem very impressive for quite a long while.
The individual serves the industrial system not by supplying it with savings and the resulting capital; he serves it by consuming its products.
Authorship of any sort is a fantastic indulgence of the ego.
Economists, on the whole, think well of what they do themselves and much less well of what their professional colleagues do.
According to the experience of all but the most accomplished jugglers, it is easier to keep one ball in the air than many.
Under the privilege of the First Amendment many, many ridiculous things are said.
A good rule of conversation is never answer a foolish question.