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

Capitalism is the extraordinary belief that the nastiest of men, for the nastiest of reasons, will somehow work for the benefit of us all.

This long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.

It has been pointed out already that no knowledge of probabilities, less in degree than certainty, helps us to know what conclusions are true, and that there is no direct relation between the truth of a proposition and its probability. Probability begins and ends with probability.

The duty of “saving” became nine-tenths of virtue and the growth of the cake the object of true religion.

It economics is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.

In truth, the gold standard is already a barbarous relic.

The difficulty lies, not in the new ideas, but in escaping the old ones, which ramify, for those brought up as most of us have been, into every corner of our minds.

It is the duty of the long-term investor to endure great losses with equanimity.

Markets can remain irrational longer than you can remain solvent.

Gold is a relic from a time when government’s were less trustworthy in these matters (currency debasement) than they are now.

I do not know which makes a man more conservative – to know nothing but the present, or nothing but the past.

Economics is a very dangerous science.

Like all his type, Newton was wholly aloof from women.

I was suffering from my chronic delusion that one good share is safer than ten bad ones, and I am always forgetting that hardly anyone else shares this particular delusion.

The forces of the nineteenth century have run their course and are exhausted.

After the Apple II was introduced, then came the Commodore and the Tandy TRS-80.

Everything we did we were setting the tone for the world.

In some parts of life, like mathematics and science, yeah, I was a genius. I would top all the top scores you could ever measure it by.

Let that which is wanting in income be supplied by economy.

Remove advertising, disable a person or firm from proclaiming its wares and their merits, and the whole of society and of the economy is transformed. The enemies of advertising are the enemies of freedom.

Mere parsimony is not economy. Expense, and great expense, may be an essential part in true economy.

An economy is not a complicated thing; it just has a lot of moving parts.

Economy is for the poor; the rich may dispense with it.