Words ought to be a little wild, for they are the assault of thoughts on the unthinking.

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.

Whenever you save five shillings you put a man out of work for a day.

A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.

Newton was not the first of the age of reason, he was the last of the magicians.

The markets are moved by animal spirits, and not by reason.

This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.