By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.

An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.

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

If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.

Canada is a place of infinite promise. We like the people, and if one ever had to emigrate, this would be the destination, not the U.S.A. The hills, lakes and forests make it a place of peace and repose of the mind, such as one never finds in the U.S.A.

Long run is a misleading guide to current affairs. In the long run we are all dead.

Perhaps it is historically true that no order of society ever perishes save by its own hand.