The businessman is only tolerable so long as his gains can be held to bear some relation to what, roughly and in some sense, his activities have contributed to society.

The boom, not the slump, is the right time for austerity at the Treasury.

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

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

To suppose that safety-first consists in having a small gamble in a large number of different companies where I have no information to reach a good judgment, as compared with a substantial stake in a company where one's information is adequate, strikes me as a travesty of investment policy.

In truth, the gold standard is already a barbarous relic.

I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.