Another strange notion pervading whole peoples is that the State has money of its own; and nowhere is this absurdity more firmly fixed than in America. The State has no money. It produces nothing. It existence is purely parasitic, maintained by taxation; that is to say, by forced levies on the production of others. 'Government money,' of which one hears so much nowadays, does not exist; there is no such thing.

The position of modern science, as far as an ignorant man of letters can understand it, seems not a step in advance of that held by Huxley and Romanes in the last century.

Americans have a strange notion that the ordinary laws of economics do not apply to them. So doubtless they will think they are prosperous if the boom starts, and that deficits and indebtedness are merely signs of how prosperous they are.

It is unfortunately none too well understood that, just as the State has no money of its own, so it has no power of its own.

The mind is like the stomach. It is not how much you put into it that counts, but how much it digests...

Concerning culture as a process, one would say that it means learning a great many things and then forgetting them; and the forgetting is as necessary as the learning.

The superficial distinctions of Fascism, Bolshevism, Hitlerism, are the concern of journalists and publicists; the serious student sees in them only one root-idea of a complete conversion of social power into State power.