Economists Are Generally Negligent Of Their Heroes.

A Point Must Be Repeated: Only The Pathological Weakness Of The Financial Memory...allows Us To Believe That The Modern Experience Of....debt...is In Any Way A New Phenomenon.

Things That Come From The Private Sector Are In Abundant Supply; Things That Depend On The Public Sector Are Widely A Problem. We're A World, As I Said In The Affluent Society, Of Filthy Streets And Clean Houses, Poor Schools And Expensive Television.

In Economics, The Majority Is Always Wrong.

It's A Rule Worth Having In Mind. Income Almost Always Flows Along The Same Axis As Power But In The Opposite Direction.

A Very Complicated Mass Of Things Influences The Economy - The Speculative Effect, Government Policy, Consumer Borrowing And Spending, The Level Of Technical Innovation (which I Concede, Although Everyone Emphasizes It Too Much), And Much More - Including, Of Course, The Rate Of Inflation.