The conventional view serves to protect us from the painful job of thinking.
Men of conservative temperament have long suspected that one thing leads to another.
Galbraith’s First Law: Modesty is a vastly overrated virtue.
The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.
Economics is extremely useful as a form of employment for economists.
Under capitalism, man exploits man. Under communism, it’s just the opposite.
Third party politics, at least since La Follette, has always had an element of romance.
The process by which banks create money is so simple that the mind is repelled.
More die in the United States of too much food than of too little.
The problem of the modern economy is not a failure of a knowledge of economics; it’s a failure of a knowledge of history.
Faced with the choice between changing one’s mind and proving that there is no need to do so, almost everyone gets busy on the proof.
The salary of the chief executive of a large corporation is not a market award for achievement. It is frequently in the nature of a warm personal gesture by the individual to himself.
There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.
The inborn instability of capitalism has been part of the history of the system for several hundred years.
It is almost as important to know what is not serious as to know what is.
I think the role of the Federal Reserve is enormously exaggerated.
The only function of economic forecasting is to make astrology look respectable.