The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
The long run is a misleading guide to current affairs. In the long run we are all dead.
When my information changes, I alter my conclusions. What do you do, sir?
Newton was not the first of the age of reason. He was the last of the magicians, the last of the Babylonians and Sumerians, the last great mind that looked out on the visible and intellectual world with the same eyes as those who began to build our intellectual inheritance rather less than 10,000 years ago.
Education: the inculcation of the incomprehensible into the indifferent by the incompetent.
Successful investing is anticipating the anticipations of others.
Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.
The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems - the problems of life and of human relations, of creation and behavior and religion.
Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.
The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
For at least another hundred years we must pretend to ourselves and to every one that fair is foul and foul is fair; for foul is useful and fair is not. Avarice and usury and precaution must be our gods for a little longer still.
The avoidance of taxes is the only intellectual pursuit that still carries any reward.
Nothing mattered except states of mind, chiefly our own.
If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.
Most men love money and security more, and creation and construction less, as they get older.
It would not be foolish to contemplate the possibility of a far greater progress still.
By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.
The decadent international but individualistic capitalism in the hands of which we found ourselves after the war is not a success. It is not intelligent. It is not beautiful. It is not just. It is not virtuous. And it doesn't deliver the goods.
I work for a Government I despise for ends I think criminal.
A study of the history of opinion is a necessary preliminary to the emancipation of the mind.