Profits are not made by differential cleverness, but by differential stupidity.

Utility then is not the measure of exchangeable value, although it is absolutely essential to it.

It is here we come to the heart of the matter. The economic principle of comparative advantage', 'a country may, in return for manufactured commodities, import corn even if it can be grown with less labour than in the country from which it is imported

...I wish that I may never think the smiles of the great and powerful a sufficient inducement to turn aside from the straight path of honesty and the convictions of my own mind.

Neither a state nor a bank ever have had unrestricted power of issuing paper money without abusing that power.

Money is neither a material to work upon nor a tool to work with.

During the period of capital moving from one employment to another, the profits on that to which capital is flowing will be relatively high, but will continue so no longer than till the requisite capital is obtained.