The important thing for Government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.

Well, when I get new information, I rethink my position. What, sir, do you do with new information?

The principle objectives in life are love, the creation and enjoyment if aesthetic experience, the pursuit of knowledge. Love comes a long way first.

I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.

There is no harm in being sometimes wrong - especially if one is promptly found out.

Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for liquidity, and with a monetary system which rigidly links the quantity of money to the stock of the precious metals, it will be essential for the maintenance of prosperity that the authorities should pay close attention to the state of the balance of trade. For a favourable balance, provided it is not too large, will prove extremely stimulating; whilst an unfavourable balance may soon produce a state of persistent depression.

I do not know which makes a man more conservative - to know nothing but the present, or nothing but the past.