Gold is a relic from a time when government's were less trustworthy in these matters (currency debasement) than they are now.

The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.

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.

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

In the long run we are all dead.

Nothing can preserve the integrity of contact between individuals, except a discretionary authority in the state to revise what has become intolerable. The powers of uninterrupted usury are too great. If the accretions of vested interests were to grow without mitigation for many generations, half the population would be no better than slaves to the other half.

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.