The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and thus keeping us permanently in a quasi-boom.

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

It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.

There is no intrinsic reason for the scarcity of capital.

It would not be foolish to contemplate the possibility of a far greater progress still.

The power to become habituated to his surroundings is a marked characteristic of mankind.

The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.