Quotes by James Grant

“I have unlimited faith in the American people taking care of themselves—if they are told what to do and why.”

“Logic makes as poor an argument against a boom as it does against a love affair.”

“It is a comment on the nature of economics as much as it is on the genius of Bagehot that his dicta on central banking continue to hold sway almost a century and a half after he propounded them. In the physical sciences, progress is cumulative; we stand on the shoulders of giants. In economics, the most ostensibly rigorous of the social sciences, progress - and error, too - are cyclical; we keep stepping on the same rakes.”