We All Agree That Pessimism Is A

Monetary Policy Suffers From The Unfortunate Absence Of Any Occult Effect. It Has Long Been Clear That Economic Management...would Be Greatly Facilitated If Resort Could Occasionally Be Had To Witchcraft.

All Crises Have Involved Debt That, In One Fashion Or Another, Has Become Dangerously Out Of Scale In Relation To The Underlying Means Of Payment.

The Years Of The Great Depression Were A Superb Time For Economists Because People Not Knowing What Could Be Done Or What Should Be Done Would Always Assume That Maybe An Economist Had The Answer. If You Were Just A Lawyer In Washington, You Were Nobody. But If You Were An Economist, You Might Have The Answer.

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.

No Intelligence System Can Predict What A Government Will Do If It Doesn't Know Itself.