Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.

I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.

Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.

The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.

I wish I'd drunk more champagne.

It's not bringing in the new ideas that's so hard; it's getting rid of the old ones.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.