It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.

It is ideas, not vested interests, which are dangerous for good or evil.

The key to selecting the winner isn't choosing the face you think is the most beautiful but rather the face other people will pick

It is preferable to regard labour, including, of course, the personal services of the entrepreneur, and his assistants, as the sole factor of production, operating in a given environment of technique, natural resources, capital equipment and effective demand. This is why we have been able to take labour as the sole physical unit which we require in our economic system, apart from units of money and of time.

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.

Perhaps it is historically true that no order of society ever perishes save by its own hand.

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