“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.”

Economists must leave to Adam Smith alone the glory of the Quarto, must pluck the day, fling pamphlets into the wind, write always sub specie temporis , and achieve immortality by accident, if at all.

The introduction of a substantial Government transfer tax on all transactions might prove the most serviceable reform available,with a view to mitigating the predominance of speculation in the United States.

When I find new information I change my mind; What do you do?

The power to become habituated to his surroundings is a marked characteristic of mankind.

Never in history was there a method devised of such efficacy for setting each country’s advantage at variance with its neighbours’ as the international gold (or, formerly, silver) standard.

Once we allow ourselves to be disobedient to the test of an accountant’s profit, we have begun to change our civilization.

I think that Capitalism, wisely managed, can probably be made more efficient for attaining economic ends than any alternative system yet in sight, but that in itself is in many ways extremely objectionable.

One blames politicians, not for inconsistency but for obstinacy. They are the interpreters, not the masters, of our fate. It is their job, in fact, to register the fact accomplished.

When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.

The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.

Experience shows that what happens is always the thing against which one has not made provision in advance.

The difficulty lies, not in the new ideas, but in escaping from the old ones.

Education: the inculcation of the incomprehensible into the indifferent by the incompetent.

It is investment, i.e. the increased production of material wealth in the shape of capital goods, which alone increases national wealth.

Thus, the weight of my criticism is directed against the inadequacy of the theoretical foundations of the laissez-faire doctrine upon which I was brought up and for many years I taught

It is better to be roughly right than precisely wrong.

The more profoundly we study this wonderful Book, and the more closely we observe its divine precepts, the better citizens we will become and the higher will be our destiny as a nation.

Watch well each separate citizen, Lest having in his heart of hearts A secret spear, one still may come Saluting you with cheerful face, And utter with a double tongue The feigned good wishes of his wary mind.

The ideal state is that in which an injury done to the least of its citizens is an injury done to all.

In order to stave off covetouness, greed, and spite, citizens world over must be educated.

The empire fell well before the invasion of the barbarians. It collapsed from the collective softness of its citizens’ minds and the turning of their back on reality.

On the meeting point of two worlds, the ornament of Turkish homeland, the treasure of Turkish history, the city cherished by the Turkish nation, İstanbul, has its place in the hearts of all citizens.

We must see that regional imbalances in the growth of various parties of the country are removed and all the states progress evenly. We shall ensure that all citizens of the country get full opportunity to contribute their might towards India’s progress.

No man is a good citizen, a good neighbor, a good friend, or a good man just because he obeys the law. The intrinsic worth is determined mainly by the intrinsic make-up.