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.

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

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

I'd rather be vaguely right than precisely wrong.

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

It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.

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