Foresight is an imperfect thing — all prevision in economics is imperfect. - John Kenneth Galbraith

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

Even the word depression itself was the terminological product of an effort to soften the connotation of deep trouble. In the last century, the term crisis was normally employed. With time, however, this acquired the connotation of the misfortune it described.

"Poverty" Pitt exclaimed "is no disgrace but it is damned annoying." In the contemporary United States it is not annoying but it is a disgrace.