Society Doesn't Have Values. People Have Values.

The True Test Of Any Scholar's Work Is Not What His Contemporaries Say, But What Happens To His Work In The Next 25 Or 50 Years. And The Thing That I Will Really Be Proud Of Is If Some Of The Work I Have Done Is Still Cited In The Text Books Long After I Am Gone.

Nobody Spends Somebody Else's Money As Carefully As He Spends His Own.

The Use Of Quantity Of Money As A Target Has Not Been A Success. I'm Not Sure That I Would As Of Today Push It As Hard As I Once Did.

There Are Severe Limits To The Good That The Government Can Do For The Economy, But There Are Almost No Limits To The Harm It Can Do.

The Only Reason There Is A Crisis About Social Security In The Us And Pensions In Europe And Japan Is That You Cannot Maintain A "ponzi" Scheme Indefinitely. We Have Collected From Today's Young To Pay Today's Old And Counted On Tomorrow's Young To Keep Doing So. That Was A Fine Scheme As Long As The Number Of Young People Was Rising Faster Than Old People. When That Ratio Comes To An End, Such A System Also Has To End.