There is no inherent mechanism in our present system which can with certainty prevent competitive sectional bargaining for wages from setting up a vicious spiral of rising prices under full employment.

Organisation of social insurance should be treated as one part only of a comprehensive policy of social progress. Social insurance fully developed may provide income security; it is an attack upon Want. But Want is one only of five giants on the road of reconstruction and in some ways the easiest to attack. The others are Disease, Ignorance, Squalor and Idleness.

The object of government in peace and in war is not the glory of rulers or of races, but the happiness of the common man.

Let us proportion our alms to our ability, lest we provoke God to proportion His blessings to our alms.

I have spent most of my life most happily making plans for others to carry out.

The state is or can be master of money, but in a free society it is master of very little else.

Ignorance is an evil weed, which dictators may cultivate among their dupes, but which no democracy can afford among its citizens.