...By combining a popular hatred of the class of entrepreneurs with the blow already given to social security by the violent and arbitrary disturbance of contract,... governments are fast rendering impossible a continuance of the social and economic order of the nineteenth century.

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

It is the duty of the long-term investor to endure great losses with equanimity.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

The love of money as a possession-as distinguished from the love of money as a means to the enjoyments and realities of life-will be recognized for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease

Unlike physics, for example, such parts of the bare bones of economic theory as are expressible in mathematical form are extremely easy compared with the economic interpretation of the complex and incompletely known facts of experience, and lead one a very little way towards establishing useful results.

What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!