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

When I find new information I change my mind; What do you do?

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

I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.

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

When my information changes, I alter my conclusions. What do you do, sir?

I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.