Milton Friedman. Friedman had a solid MV = PQ doctrine from which he deviated very little all his life. By the way, he's about as smart a guy as you'll meet. He's as persuasive as you hope not to meet.

The very name of my subject, economics, suggests economizing or maximizing. But Political Economy has gone a long way beyond home economics.

What we know about the global financial crisis is that we don't know very much.

Today we see how utterly mistaken was the Milton Friedman notion that a market system can regulate itself... Everyone understands now, on the contrary, that there can be no solution without government.

A drunk driver is very dangerous. So is a drunk backseat driver if he's persuasive.

The Phil Spector that I would meet has always been a nice, quiet, little guy who's very serious about his work; obviously you can tell that because each and everything he's ever done has always been charted.