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

The biggest problem is not to let people accept new ideas, but to let them forget the old ones.

I am sure that the power of vested interests is vastly exaggerated compared with the gradual encroachment of ideas.

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

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.

For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.

A conventional valuation which is established as the outcome of the mass psychology of a large number of ignorant individuals is liable to change violently as the result of a sudden fluctuation of opinion due to factors which do not really make much difference to the prospective yield; since there will be no strong roots of conviction to hold it steady.