If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.

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

I'd rather be vaguely right than precisely wrong.

Morally and philosophically I find myself in agreement with virtually the whole of it: and not only in agreement with it, but in deeply moved agreement.

Conservatism leads nowhere; it satisfies no ideal.

Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.