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.
John Kenneth Galbraith
Under capitalism, man exploits man. Under communism, it's just the opposite.
The only function of economic forecasting is to make astrology look respectable.
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.
Economics is extremely useful as a form of employment for economists.
All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership.
Meetings are indispensable when you don't want to do anything.
Politics is the art of choosing between the disastrous and the unpalatable.
Wealth, in even the most improbable cases, manages to convey the aspect of intelligence.
We all agree that pessimism is a mark of superior intellect.
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.
In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.
It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled seas of thought.
If wrinkles must be written upon our brows, let them not be written upon the heart. The spirit should never grow old.
Nothing is so admirable in politics as a short memory.
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.
In any great organization it is far, far safer to be wrong with the majority than to be right alone.
If all else fails, immortality can always be assured by spectacular error.
Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.
There is certainly no absolute standard of beauty. That precisely is what makes its pursuit so interesting.
Modesty is a vastly overrated virtue.
The conventional view serves to protect us from the painful job of thinking.
In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.
In economics, the majority is always wrong.
All successful revolutions are the kicking in of a rotten door.
Humor is richly rewarding to the person who employs it. It has some value in gaining and holding attention, but it has no persuasive value at all.
The enemy of the conventional wisdom is not ideas but the march of events.
You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.
Wealth is not without its advantages and the case to the contrary, although it has often been made, has never proved widely persuasive.
Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised.
Much literary criticism comes from people for whom extreme specialization is a cover for either grave cerebral inadequacy or terminal laziness, the latter being a much cherished aspect of academic freedom.
A person buying ordinary products in a supermarket is in touch with his deepest emotions.
Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.
There are few ironclad rules of diplomacy but to one there is no exception. When an official reports that talks were useful, it can safely be concluded that nothing was accomplished.
The conspicuously wealthy turn up urging the character building values of the privation of the poor.
Of all classes the rich are the most noticed and the least studied.
In all life one should comfort the afflicted, but verily, also, one should afflict the comfortable, and especially when they are comfortably, contentedly, even happily wrong.
Power is not something that can be assumed or discarded at will like underwear.
Meetings are a great trap. Soon you find yourself trying to get agreement and then the people who disagree come to think they have a right to be persuaded. However, they are indispensable when you don't want to do anything.
It would be foolish to suggest that government is a good custodian of aesthetic goals. But, there is no alternative to the state.
We can safely abandon the doctrine of the eighties, namely that the rich were not working because they had too little money, the poor because they had much.
Money differs from an automobile or mistress in being equally important to those who have it and those who do not.
War remains the decisive human failure.
Total physical and mental inertia are highly agreeable, much more so than we allow ourselves to imagine. A beach not only permits such inertia but enforces it, thus neatly eliminating all problems of guilt. It is now the only place in our overly active world that does.
The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state.
One of the greatest pieces of economic wisdom is to know what you do not know.
In the United States, though power corrupts, the expectation of power paralyzes.
Few can believe that suffering, especially by others, is in vain. Anything that is disagreeable must surely have beneficial economic effects.
We have escapist fiction, so why not escapist biography?
