“We will not have any more crashes in our time.”

When the final result is expected to be a compromise, it is often prudent to start from an extreme position.

Nor should the argument seem strange that taxation may be so high as to defeat its object, and that, given sufficient time to gather the fruits, a reduction of taxation will run a better chance than an increase of balancing the budget.

There is nothing so disastrous as a rational investment policy in an irrational world.

Conservatism leads nowhere; it satisfies no ideal.

A study of the history of opinion is a necessary preliminary to the emancipation of the mind.

When my information changes, I alter my conclusions. What do you do, sir?

If we consistently act on the optimistic hypothesis, this hypothesis will tend to be realised; whilst by acting on the pessimistic hypothesis we can keep ourselves for ever in the pit of want.

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 economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.

If Wall Street crashes, does Main Street follow? Not necessarily.

If you ride like lightning, you’re gonna crash like thunder.

The causes of all panics, crashes and depressions can be summed up in only four words: the misuse of credit.

Marx, Darwin and Freud are the three most crashing bores of the Western World. Simplistic popularization of their ideas has thrust our world into a mental straitjacket from which we can only escape by the most anarchic violence.

In my dreams I hear again the crash of guns, the rattle of musketry, the strange, mournful mutter of the battlefield.

Some experts look at global warming, increased world temperature, as the critical tipping point that is causing a crash in coral reef health around the world.

I was born January 6, 1937, eight years after Wall Street crashed and two years before John Steinbeck published The Grapes of Wrath, his Pulitzer Prize-winning novel about the plight of a family during the Great Depression.