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

In this autumn of 1919, in which I write, we are at the dead season of our fortunes.

If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.

One's knowledge and experience are definitely limited and there are seldom more than two or three enterprises at any given time in which I personally feel myself entitled to put full confidence.

As time goes on, I get more and more convinced that the right method of investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes.

By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

[Silvio] Gesell's chiefwork is written in cool and scientific terms, although it is run through by a more passionate and charged devotion to social justice than many think fit for a scholar. I believe that the future will learn more from the spirit of Gesell then from that of Marx.