In the really hard cases you're choosing between the disastrous and the catastrophic, and it's hard to tell someone which one is which. - John Kenneth Galbraith

Increasingly in recent times we have come first to identify the remedy that is most agreeable, most convenient, most in accord with major pecuniary or political interest, the one that reflects our available faculty for action; then we move from the remedy so available or desired back to a cause to which that remedy is relevant.

In economics, hope and faith coexist with great scientific pretension and also a deep desire for respectability.

There is nothing in economic life so willfully misunderstood as the great speculative episode. T