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There are no intrinsic reasons for the scarcity of capital.
It is better to be roughly right than precisely wrong.
The engine which drives Enterprise is not Thrift, but Profit.
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.
His [Newton's] peculiar gift was the power of holding continuously in his mind a purely mental problem until he had seen through it.
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.
The importance of money flows from it being a link between the present and the future.
The love of money as a possession - as distinguished from the love of money as a means to the enjoyments and realities of life - will be recognized for what it is, a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a shudder to the specialists in mental disease.
Lenin is said to have declared that the best way to destroy the capitalist system was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. . . . Lenin was certainly right.
But this long run is a misleading guide to current affairs. In the long run we are all dead.
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