Off goes the head of the king, and tyranny gives way to freedom. The change seems abysmal. Then, bit by bit, the face of freedom hardens, and by and by it is the old face of tyranny. Then another cycle, and another. But under the play of all these opposites there is something fundamental and permanent - the basic delusion that men may be governed and yet be free.

The federal [bank deposit] insurance scheme has worked up to now simply and solely because there have been very few bank failures. The next time we have a pestilence of them it will come to grief quickly enough, and if the good banks escape ruin with the bad ones it will be only because the taxpayer foots the bill.

A metaphysician is one who, when you remark that twice two makes four, demands to know what you mean by twice, what by two, what by makes, and what by four. For asking such questions metaphysicians are supported in oriental luxury in the universities, and respected as educated and intelligent men.

Every step in human progress, from the first feeble stirrings in the abyss of time, has been opposed by the great majority of men. Every valuable thing that has been added to the store of man's possessions has been derided by them when it was new, and destroyed by them when they had the power. They have fought every new truth ever heard of, and they have killed every truth-seeker who got into their hands.

If we assume that man actually does resemble God, then we are forced into the impossible theory that God is a coward, an idiot and a bounder.

To the extent that I am genuinely educated, I am suspicious of all the things that the average citizen believes and the average pedagogue teaches.

Every failure teaches a man something, to wit, that he will probably fail again.