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

I'd rather be vaguely right than precisely wrong.

The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.

I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.

Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.

The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

It is better to be roughly right than precisely wrong.