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

Perhaps it is historically true that no order of society ever perishes save by its own hand.

The importance of money flows from it being a link between the present and the future.

The glory of the nation you love is a desirable end, – but generally to be obtained at your neighbor’s expense.

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.

The idea behind stamped money is sound.

An investor who proposes to ignore near-term market fluctuations needs greater resources for safety and must not operate on so large a scale, if at all, with borrowed money.

I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.

There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.

I know of only three people who really understand money. A professor at another university. One of my students. And a rather junior clerk at the Bank of England.

Pyramid-building, earthquakes, even wars may serve to increase wealth, if the education of our statesmen on the principles of the classical economics stands in the way of anything better.

I work for a Government I despise for ends I think criminal.

All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists .

The immense accumulations of fixed capital which, to the great benefit of mankind, were built up during the half century before the war, could never have come about in a Society where wealth was divided equitably.

But the dreams of designing diplomats do not always prosper, and we must trust the future .

When the facts change, I change my mind.

Americans are apt to be unduly interested in discovering what average opinion believes average opinion to be.

Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.

There is no intrinsic reason for the scarcity of capital.

All the parties of capitalist society, all its moralists and all its sycophants will perish beneath the debris of the impending catastrophe. The only party that will survive is the party of the world socialist revolution.

In classical times, it was a capital offense to speculate upon the hour of a king’s death or upon the identity of his successor.

There will soon come an armed contest between capital and labor. They will oppose each other, not with words and arguments, but with shot and shell, gun-powder and cannon.

I should not regret a fair and full trial of the entire abolition of capital punishment.

There exists, between people in love, a kind of capital held by each.

I suggest that ten thousand Negroes march on Washington, D.C., the capital of the Nation, with the slogan, ‘We loyal Negro American citizens demand the right to work and fight for our country.’