We really can't forecast all that well, and yet we pretend that we can, but we really can't.

The fact that the talks are resuming is a big positive. But it's going to be a slow process.

Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong.

The farmer and manufacturer can no more live without profit than the labourer without wages.

The general public still expects a lot more forecasting accuracy than any of us can deliver.

The power of a theory is exactly proportional to the diversity of situations it can explain.

Markets look a lot less efficient from the banks of the Hudsonthan the banks of the Charles.

When it becomes dominated by a collectivist creed, democracy will inevitably destroy itself.

Treasurys, as low as yields are, are higher than they are in most other developed countries.

So many social changes are as irreversible as the reaction when sodium is thrown into water.

Clearly, I am not an anarchist. Philosophically, I might be, but I think in practical terms.

It slightly worries me that when people find a problem, they rush to judgment of what to do.

The extent of and continuing increase in inequality in the United States greatly concern me.

In the affluent society, no useful distinction can be made between luxuries and necessities.

The commencement speech is not, I think, a wholly satisfactory manifestation of our culture.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

Perhaps it is historically true that no order of society ever perishes save by its own hand.

I believe that the future will learn more from the spirit of Gesell than from that of Marx .

I've been campaigning for 17 of the last 24 months. I'm ready to legislate and not campaign.

I grew up in a family in which political issues were often discussed, and debated intensely.

Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.

Hedge funds are not noted for their long-term thinking - for them, a quarter is an eternity.

History belongs to she who holds the pen...If we don't tell our stories, they won't be told.

There's no great, white bigot; there's just about 200 million little white bigots out there.

If the Muslim community in Michigan comes out strongly, I think they will make a difference.

The MD is well aware that the forecasts are no good but he needs them for planning purposes.

Know this: though love is weak and hate is strong, Yet hate is short, and love is very long.

Talent is a by-product of education; the quality of a country's human capital depends on it.

I, Lawrence Klein, was born in Omaha, Nebraska, as were my elder brother and younger sister.

For Clinton, I don't see redemption. She is a corrupt political operative of the worst kind.

I am a Reagan Republican: I believe in Free Market Capitalism; I believe in economic growth.

Inflation, being a fraudulent invasion of property, could not take place on the free market.

All models have faults - that doesn't mean you can't use them as tools for making decisions.

I've never really had much of a career plan, and interesting opportunities kept cropping up.

Humans regard animals as worthy of protection only when they are on the verge of extinction.

When I was a kid, I reckoned things in Hershey bars. Is this worth three Hershey bars to me?

Aid is the process by which the poor in rich countries subsidize the rich in poor countries.

The first requisite of style, not only in rhetoric, but in all compositions, is perspicuity.

Have a vision. Communicate it clearly. Pick the right people and put them in the right jobs.

The object of the law of value is to elucidate the actual exchange relations of commodities.

Beware of the danger signals that flag problems: silence, secretiveness, or sudden outburst.

Although the big word on the left is 'compassion,' the big agenda on the left is dependency.

Freedom has cost too much blood and agony to be relinquished at the cheap price of rhetoric.

It is clear that economics, if it is to be a science at all, must be a mathematical science.

Indeed, better risk management may be the only truly necessary element of success in banking.

If prices go down, we will have problems - problems in the sense of spillover to other areas.

[Republicans] swapped principle for power. They ended up with neither. They deserved to lose.

The president is 100 percent for extending the tax cuts for 98.7 percent of small businesses.

Only a strong economy can create higher asset values and sustainably good returns for savers.

A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street.

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