The boom, not the slump, is the right time for austerity at the Treasury.

The engine which drives enterprise is not thrift, but profit.

For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.

There is nothing so disastrous as a rational investment policy in an irrational world.

In truth, the gold standard is already a barbarous relic.

But my lord, when we addressed this issue a few years ago, didn't you argue the other side?" He said, "That's true, but when I get more evidence I sometimes change my mind. What do you do?

The glory of the nation you love is a desirable end, — but generally to be obtained at your neighbor's expense.