When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society.

Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.

The engine which drives enterprise is not thrift, but profit.

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

When somebody persuades me I am wrong, I change my mind.

In a regime of Free Trade and free economic intercourse it would be of little consequence that iron lay on one side of a political frontier, and labour, coal, and blast furnaces on the other. But as it is, men have devised ways to impoverish themselves and one another; and prefer collective animosities to individual happiness.