Gentlemen, a depression is for capitalism like a good, cold douche.

The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.

Innovation is the market introduction of a technical or organisational novelty, not just its invention.

Profit is the payment you get when you take advantage of change.

Our poverty will be brought home to us to its full extent only after the war.

The religious quality of Marxism also explains a characteristic attitude of the orthodox Marxist toward opponents. To him, as to any believer in a Faith, the opponent is not merely in error but in sin. Dissent is disapproved of not only intellectually but also morally. There cannot be any excuse for it once the Message has been revealed.

The perennial gale of creative destruction