Inflation does not lubricate trade but by rescuing traders from their errors of optimism or stupidity.

A bad book is the worse that it cannot repent. It has not been the devil's policy to keep the masses of mankind in ignorance; but finding that they will read, he is doing all in his power to poison their books.

Nothing so denies a person liberty as the total absence of money.

There can be few fields of human endeavor in which history counts for so little as in the world of finance.Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of the those who do not have insight to appreciate the incredible wonders of the present.

When you see reference to a new paradigm you should always, under all circumstances, take cover.

Under capitalism, man exploits man. Under communism, it's just the opposite.

If we were not in Vietnam, all that part of the world would be enjoying the obscurity it so richly deserves.