In Economics, The Majority Is Always Wrong.

Nothing So Weakens Government As Persistent Inflation.

Economists, On The Whole, Think Well Of What They Do Themselves And Much Less Well Of What Their Professional Colleagues Do.

Those Who Yearn For The End Of Capitalism Should Pray For Government By Men Who Believe That All Positive Action Is Inimical To What They Call Thoughtfully The Fundamental Principles Of Free Enterprise.

No Politician Can Praise Unemployment Or Inflation, And There Is No Way Of Combining High Employment With Stable Prices That Does Not Involve Some Control Of Income And Prices. Otherwise The Struggle For More Consumption And More Income To Sustain It-a Struggle That Modern Corporations, Modern Unions And Modern Democracy All Facilitate And Encourage-will Drive Up Prices. Only Heavy Unemployment Will Then Temper This Upward Thrust. Not Many Wish To Confront The Truth That The Modern Economy Gives A Choice Only Between Inflation, Unemployment, Or Controls.

Ideas Are Inherently Conservative. They Yield Not To The Attack Of Other Ideas But To The Massive Onslaught Of Circumstance With Which They Cannot Contend.