“In the classic old business cycle, there would be a diminution in sales; it would take a little while for this information to reach corporate headquarters.”

Life is not a multiple choice test, it’s an open-book essay exam.

And there would be an inventory pileup. And then – bam – businesses would react, sometimes violently, by cutting production.

His stellar record suggests that the only right answer to the age-old question of whether it is better to be lucky or good may be: both.

Murphys law of economic policy’: Economists have the least influence on policy where they know the most and are most agreed.

If you try to give an on-the-one-hand-or-the-other- hand answer, only one of the hands tends to get quoted.

Public opinion is presumptively an input to policy formation in a democracy because politicians respond to it or at least are believed to respond [to it].

The last duty of a central banker is to tell the public the truth.

They have the most influence on policy where they know the least and disagree most vehemently.

And the maestro surely wielded the chairman’s baton with extraordinary skill.

There is a kind of a cascading chain, … If one can’t sell, then that business doesn’t buy and that means the next business doesn’t sell, and the previous business doesn’t sell, and so on.

We are like dwarfs on the shoulders of giants, so that we can see more than they.

A wise man knows; learn from others, never get complacent and know where the classic old dangers come from.

It is not that we have class prejudice, but only that we find comfort and ease in our own class. And normally there are plenty of people of our own class, or race, or religion to play, live, and eat with, and to marry.

Now every girl is expected to have: Caucasian blue eyes, full Spanish lips, a classic button nose, hairless Asian skin with a California tan, a Jamaican dance hall ass, long Swedish legs, small Japanese feet, the abs of a lesbian gym owner, the hips of a nine-year-old boy.

What was up with class today? It was watered-down porn. He practically had you and patch on top of your lab table, horizontal, minus your clothes, doing the big deed.

Read, read, read. Read everything — trash, classics, good and bad, and see how they do it.

It is the nature of those books we call classics to wait patiently on the shelf for us to grow into them.

I love classic beauty. It’s an idea of beauty with no standard.