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

It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.

Successful investing is anticipating the anticipations of others.

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

This siren, this goat-footed bard, this half human visitor to our age the hag-ridden and enchanted woods of Celtic antiquity. One catches in his company that flavour of final purposelessness, inner responsibility, existence outside or away from our Saxon good and evil, mixed with cunning, remorselessness, love of power.

The social object of skilled investment should be to defeat the dark forces of time and ignorance which envelope our future.

There is no intrinsic reason for the scarcity of capital.