Emancipation of belief is the most formidable of the tasks of reform and the one on which all else depends.

Men have been swindled by other men on many occasions. The autumn of 1929 was, perhaps, the first occasion when men succeeded on a large scale in swindling themselves.

The sense of responsibility in the financial community for the community as a whole is not small. It is nearly nil.

Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.

It is possible that people need to believe they are unmanaged if they are to be managed effectively.

I accept the global complex and global trade more than do some of my liberal colleagues because I consider this a wise alternative to national tension and conflict.

The greater the wealth the thicker will be the dirt.