Wealth, in even the most improbable cases, manages to convey the aspect of intelligence. Wealth is not without its advantages, and the case to the contrary, although it has often been made, has never proved widely persuasive. The only function of economic forecasting is to make astrology look respectable. One of the greatest pieces of economic wisdom is to know what you do not know. All of the great leaders have had one characteristic in common: it was the willingness to confront unequivocally the major anxiety of their people in their time. This, and not much else, is the essence of leadership. In any great organization it is far, far safer to be wrong with the majority than to be right alone. Modesty is a vastly overrated virtue. Economics is extremely useful as a form of employment for economists. In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof. Faced with the choice between changing one's mind and proving there is no need to do so, almost everyone gets busy on the proof. | 
