The history of the last century shows, as we shall see later, that the advice given to governments by bankers, like the advice they gave to industrialists, was consistently good for bankers, but was often disastrous for governments, businessmen, and the people generally.

The backwardness of our religious and social developments is undoubtedly holding back the development of the intellectual and political levels.

By the winter of 1945-1946, the Russian peoples were being warned of the dangers from the West

The difference between a stable society and an unstable one is that the restraints in an unstable one are external. In a stable society government ultimately becomes unnecessary; the restraints on people's actions are internal, they're self-disciplined.

For years I have told my students that I been trying to train executives rather than clerks. The distinction between the two is parallel to the distinction previously made between understanding and knowledge. It is a mighty low executive who cannot hire several people with command of more knowledge than he has himself.

This persistence as private firms continued because it ensured the maximum of anonymity and secrecy to persons of tremendous public power who dreaded public knowledge of their activities as an evil almost as great as inflation.

The hope for the twentieth century rests on recognition that war and depression are man-made, and needless. They can be avoided in the future by turning from the nineteenth-century characteristics just mentioned (materialism, selfishness, false values, hypocrisy, and secret vices) and going back to other characteristics that our Western Society has always regarded as virtues: generosity, compassion, cooperation, rationality, and foresight, and finding a increased role in human life for love, spirituality, charity, and self discipline.