Keynes was a great economist. In every discipline, progress comes from people who make hypotheses, most of which turn out to be wrong, but all of which ultimately point to the right answer. Now Keynes, in The General Theory of Employment, Interest and Money, set forth a hypothesis which was a beautiful one, and it really altered the shape of economics. But it turned out that it was a wrong hypothesis. That doesn't mean that he wasn't a great man!

I am a libertarian with a small l and a Republican with a capital R. And I am a Republican with a capital R on grounds of expediency, not on principle.

If a tax cut increases government revenues, you haven't cut taxes enough.

There are four ways in which you can spend money. You can spend your own money on yourself. When you do that, why then you really watch out what you're doing, …

Ideas are invented only as correctives to the past. Through repeated rectifications of this kind one may hope to disengage an idea that is valid.

If Soviet society is to move forward with confidence toward our great goals, each new generation must rise to an ever-higher level of learning and general cult…

All the lessons of history and experience must be lost upon us if we are content to trust alone to the peculiar advantages we happen to possess.