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

I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.

Chess is a cure for headaches.

Everything is always decided for reasons other than the real merits of the case

The treasury could fill old bottles with banknotes and bury them..and leave it to private enterprises on well-tried principles of laissez-faire to dig the notes up again.

In this autumn of 1919, in which I write, we are at the dead season of our fortunes.

Nothing mattered except states of mind, chiefly our own.