Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

Too large a proportion of recent "mathematical" economics are mere concoctions, as imprecise as the initial assumptions they rest on, which allow the author to lose sight of the complexities and interdependencies of the real world in a maze of pretentious and unhelpful symbols.

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

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

Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed.

A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.

The avoidance of taxes is the only intellectual pursuit that still carries any reward.