Perhaps it is historically true that no order of society ever perishes save by its own hand.
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The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be a useful remedy for our contemporary evils. For this would force the investor to direct his mind to the long-term prospects and to those only.
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in Quotes & Aphorisms (Job)
"To dig holes in the ground", paid for out of savings, will increase, not only employment, but the real national dividend of useful goods and services. It is not reasonable, however, that a sensible community should be content to remain dependent on such fortuitous and often wasteful mitigations when once we understand the influences upon which effective demand depends.
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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. By this method they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some.
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I work for a Government I despise for ends I think criminal.
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All the political parties alike have their origins in past ideas and not in new ideas and none more conspicuously so than the Marxists.
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The day is not far off when the economic problem will take the back seat where it belongs, and the arena of the heart and the head will be occupied or reoccupied, by our real problems. The problems of life and of human relations, of creation and behaviour and religion.
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in Quotes & Aphorisms (Books)
I don't really start until I get my proofs back from the printers. Then I can begin my serious writing.
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I expect to see the State, which is in a position to calculate the marginal efficiency of capital goods on long views and on the basis of the general social advantage, taking an ever greater responsibility for directly organising investment;
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When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.
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