By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

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

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

Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.

If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.

Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.

To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.