In this autumn of 1919, in which I write, we are at the dead season of our fortunes.

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

To suggest social action for the public good to the city London is like discussing The Origin of Species to a Bishop sixty years ago.

Newton was a judaic monotheist of the school of Maimonides

The boom, not the slump, is the right time for austerity at the Treasury.

It is better that a man should tyrannize over his bank balance than over his fellow-citizens.

The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.