“The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.”

“Financial capacity and political perspicacity are inversely correlated. Long-run salvation by men of business has never been highly regarded if it means disturbance of orderly life and convenience in the present. So inaction will be advocated in the present even though it means deep trouble in the future. Here, at least equally with Communism, lies the threat to Capitalism. It is what causes men who know that things are going quite wrong to say that things are fundamentally sound.”

“There are two kinds of forecasters: those who don’t know, and those who don’t know they don’t know.”

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

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

“If you feed enough oats to the horse, some will pass through to feed the sparrows (referring to "trickle down" economics).”

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