Capitalism Is The Extraordinary Belief That The

All Production Is For The Purpose Of Ultimately Satisfying A Consumer.

I Think That Capitalism, Wisely Managed, Can Probably Be Made More Efficient For Attaining Economic Ends Than Any Alternative System Yet In Sight, But That In Itself Is In Many Ways Extremely Objectionable.

... A Speculator Is One Who Runs Risks Of Which He Is Aware And An Investor Is One Who Runs Risks Of Which He Is Unaware.

The Biggest Problem Is Not To Let People Accept New Ideas, But To Let Them Forget The Old Ones.

Economists Must Leave To Adam Smith Alone The Glory Of The Quarto, Must Pluck The Day, Fling Pamphlets Into The Wind, Write Always Sub Specie Temporis , And Achieve Immortality By Accident, If At All.