A Sound Banker, Alas, Is Not One

When The Final Result Is Expected To Be A Compromise, It Is Often Prudent To Start From An Extreme Position.

When The Accumulation Of Wealth Is No Longer Of High Social Importance, There Will Be Great Changes In The Code Of Morals.

Lenin Is Said To Have Declared That The Best Way To Destroy The Capitalistic System Was To Debauch The Currency. . . Lenin Was Certainly Right. There Is No Subtler, No Surer Means Of Overturning The Existing Basis Of Society Than To Debauch The Currency. The Process Engages All The Hidden Forces Of Economic Law On The Side Of Destruction, And Does It In A Manner Which Not One Man In A Million Can Diagnose.

As Time Goes On, I Get More And More Convinced That The Right Method Of Investment Is To Put Fairly Large Sums Into Enterprises Which One Thinks One Knows Something About And In The Management Of Which One Thoroughly Believes.

Nothing Can Preserve The Integrity Of Contact Between Individuals, Except A Discretionary Authority In The State To Revise What Has Become Intolerable. The Powers Of Uninterrupted Usury Are Too Great. If The Accretions Of Vested Interests Were To Grow Without Mitigation For Many Generations, Half The Population Would Be No Better Than Slaves To The Other Half.