If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.

The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.

Lenin is said to have declared that the best way to destroy the Capitalistic System was to debauch the currency. . . Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million can diagnose.

It is the long-term investor...who will in practice come in for the most criticism... For it is the essence of his behavior that he should be eccentric, unconventional, and rash in the eyes of average opinion

I work for a Government I despise for ends I think criminal.

If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.