“Well, when I get new information, I rethink my position. What, sir, do you do with new information?”

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.

If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.

If farming were to be organised like the stock market, a farmer would sell his farm in the morning when it was raining, only to buy it back in the afternoon when the sun came out.

It would not be foolish to contemplate the possibility of a far greater progress still.

Dangerous acts can be done safely in a community which thinks and feels rightly, which would be the way to hell if they were executed by those who think and feel wrongly.

We will not have any more crashes in our time.

Chess is a cure for headaches.

A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.

If human nature felt no temptation to take a chance there might not be much investment merely as a result of cold calculation.

And since the portions of the great and the small are equal in number, so too all things would be in everything. Nor is it possible that they should exist apart, but all things have a portion of everything.

There is no smallest among the small and no largest among the large, but always something still smaller and something still larger.

No matter your position or place in life.

I first knew of the existence of this aircraft only early in ‘42 – even in my position.

He hates everything that wants to draw him out of his acquired and secured position and that disturbs him.

Your Mission starts where you are,Not where you think you should be.Sometimes we’re tempted to think that our current position/job/situation is a barrier to our mission, but, in fact, it is where it starts.

Attack even from a position of inferiority, to disrupt the enemy’s plans.

The fighter in the opening of a dogfight must detect the opponent as early as possible in order to attain a superior position for the attack.