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

The Class war will find me on the side of the educated bourgeoisie.

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.

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

I can't remember my telephone number, but I know it was in the high numbers.

I do not mean to impugn the social justice and social expediency of the redistribution of incomes aimed at by N.I.R.A. and by the various schemes for agricultural restriction. The latter, in particular, I should strongly support in principle. But too much emphasis on the remedial value of a higher price-level as an object in itself may lead to serious misapprehension as to the part which prices can play in the technique of recovery. The stimulation of output by increasing aggregate purchasing power is the right way to get prices up; and not the other way round.

What an extraordinary episode in the economic progress of man that age was which came to an end in August, 1914!