“Long run is a misleading guide to current affairs. In the long run we are all dead.”

The division of the spoils between the victors will also provide employment for a powerful office, whose doorsteps the greedy adventurers and jealous concession hunters of twenty or thirty nations will crowd and defile.

I am myself impressed by the great social advantages of increasing the stock of capital until it ceases to be scarce.

All production is for the purpose of ultimately satisfying a consumer.

It is ideas, not vested interests, which are dangerous for good or evil.

The outstanding faults of the economic society in which we live are its failure to provide for full employment and its arbitrary and inequitable distribution of wealth and incomes.

But my lord, when we addressed this issue a few years ago, didn’t you argue the other side?” He said, “That’s true, but when I get more evidence I sometimes change my mind. What do you do?

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally.

The engine which drives enterprise is not thrift, but profit.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.

How long will it be necessary to pay City men so entirely out of proportion to what other servants of society commonly receive for performing social services not less useful or difficult?

The study of economics does not seem to require any specialised gifts of an unusually high order.

It is generally agreed that casinos should, in the public interest, be inaccessible and expensive. And perhaps the same is true of Stock Exchanges.

There is no harm in being sometimes wrong – especially if one is promptly found out.

Government machinery has been described as a marvelous labor saving device which enables ten men to do the work of one.

I conceive, therefore, that a somewhat comprehensive socialisation of investment will prove the means of securing an approximation to full employment.

The friends of gold will have to be extremely wise and moderate if they are to avoid a revolution.

Let us ask Him to deliver us from the many external and fragmentary affairs that we may touch only Him.

Every nation whose affairs betray a want of wisdom and stability may calculate on every loss which can be sustained from the more systematic policy of its wiser neighbors.

I travel not to go anywhere, but to go. I travel for travel’s sake. The great affair is to move.

International affairs is very much run like the mafia.

For my part, I travel not to go anywhere, but to go. I travel for travel’s sake. The great affair is to move.

Stupid is a great force in human affairs.

One can find women who have never had one love affair, but it is rare indeed to find any who have had only one.

We must develop huge demonstrations, because the world is used to big dramatic affairs. They think in terms of hundreds of thousands and millions and billions…