The only function of economic forecasting is to make astrology look respectable.

She is a reflection of comfortable middle-class values that do not take seriously the continuing unemployment. What I particularly regret is that she does not take seriously the intellectual decline. Having given up the Empire and the mass production of industrial goods, Britain's future lay in its scientific and artistic pre-eminence. Mrs Thatcher will be long remembered for the damage she has done.

A nuclear war does not defend a country and it does not defend a system. I've put it the same way many times; not even the most accomplished ideologue will be able to tell the difference between the ashes of capitalism and the ashes of communism.

The process by which banks create money is so simple that the mind is repelled.

Liberalism is, I think, resurgent. One reason is that more and more people are so painfully aware of the alternative.

There's no question that in my lifetime, the contrast between what I called private affluence and public squalor has become very much greater.

The inborn instability of capitalism has been part of the history of the system for several hundred years, including recurrent speculative episodes. There should be no doubt in anyone's mind that we're now having another one of those speculative episodes.