It's not bringing in the new ideas that's so hard; it's getting rid of the old ones.

I wish I'd drunk more champagne.

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

Of the maxims of orthodox finance none, surely, is more anti-social than the fetish of liquidity, the doctrine of that it is a positive virtue on the part of investment institutions to concentrate their resources upon the holding of 'liquid' securities. It forgets that there is no such thing as liquidity of investment for the community as a whole.

Conservatism leads nowhere; it satisfies no ideal.

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.

The engine which drives enterprise is not thrift, but profit.