Where humor is concerned there are no standards - no one can say what is good or bad, although you can be sure that everyone will.

People fo privilage will always risk their complete destruction rather than surrender any material part of their advantage.

You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too.

A person buying ordinary products in a supermarket is in touch with his deepest emotions.

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.

Modesty is a vastly overrated virtue.

Nothing is so admirable in politics as a short memory.

If all else fails, immortality can always be assured by spectacular error.

Meetings are indispensable when you don't want to do anything.

Under capitalism, man exploits man. Under communism, it's just the opposite.

Washington is a place where people praise courage and act on elaborate personal cost-benefit calculations.

It is a far, far better thing to have a firm anchor in nonsense than to put out on the troubled sea of thought.

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

The only function of economic forecasting is to make astrology look respectable.

The conspicuously wealthy turn up urging the character-building value of privation for the poor.

In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof.

In any great organization it is far, far safer to be wrong with the majority than to be right alone.

Economics is extremely useful as a form of employment for economists.

Few people at the beginning of the ninteenth century needed an adman to tell them what they wanted.

The conventional view serves to protect us from the painful job of thinking.

Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable.

Technology means the systematic application of scientific or other organized knowledge to practical tasks.

In economics, the majority is always wrong.

One of the greatest pieces of economic wisdom is to know what you do not know.

Change comes not from men and women changing their minds, but from the change from one generation to the next.

People are the common denominator of progress. So... no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the other familiar furniture of economic development.... But we are coming to realize... that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first.