The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.

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

If you owe your bank manager a thousand pounds, you are at his mercy. If you owe him a million pounds, he is at your mercy.

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

There is no intrinsic reason for the scarcity of capital.

It is better to be roughly right than precisely wrong.

Like Odysseus, the President looked wiser when he was seated.