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

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

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

Like Odysseus, the President looked wiser when he was seated.

It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.

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

It is better that a man should tyrannize over his bank balance than over his fellow-citizens.