Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits-a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.

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.

Conservatism leads nowhere; it satisfies no ideal.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.

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

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