The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.

Once we allow ourselves to be disobedient to the test of an accountant's profit, we have begun to change our civilization.

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

Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught

Everything is always decided for reasons other than the real merits of the case

The avoidance of taxes is the only intellectual pursuit that still carries any reward.

I believe myself to be writing a book on economic theory which will largely revolutionize - not, I suppose, at once but in the course of the next ten years - the way the world thinks about economic problems.