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.

I wish I'd drunk more champagne.

The difficulty lies, not in the new ideas, but in escaping from the old ones.

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

It is better to be roughly right than precisely wrong.

It is ideas, not vested interests, which are dangerous for good or evil.

I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.