The moral of a fable is eternal. The moral of a story is temporary to a story.
[Journalists are] more attentive to the minute hand of history than to the hour hand.
If you get out back-to-back in T20s, it proves costly.
I am convinced that great ideas that are powerfully presented can change a mind in five minutes.
History never looks like history when you are living through it.
Absent geopolitical crises, the role of government policy isn't as big as people think in the short run. In the immediate term, the potential to ignite an escalating trade war without really intending to ought to be high on our list of US dangers as should dangers of popping credit bubbles either internationally or here at home.
Cinema has a greater impact as it leaves a long lasting memory. Television, on the other hand, is also good but requires a lot of time.
People tend to overestimate the short-term impact of technological change. In the short-term, it's not going to make that much of a difference.
We should perceive that man's period of historical existence, a period so short that his physical constitution has not been altered in the slightest degree, is insufficient to allow of any considerable mental change.
One moment cannot be the most important.
A technological advance of a major sort almost always is overestimated in the short run for its consequences - and underestimated in the long run.
If you put stimulus into an economy, you know there is a time lag in terms of depending where you invest it. If it's family transfers, it might be quick. If it's infrastructure, it might be two, three, five years.
