Most men love money and security more, and creation and construction less, as they get older.

Investment based on genuine long-term expectations is so difficult today as to be scarcely practicable.

By this means (fractional reserve banking) government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

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

Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes a bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill done.

It's not bringing in the new ideas that's so hard; it's getting rid of the old ones.

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.