In Truth, The Gold Standard Is Already

The Central Principle Of Investment Is To Go Contrary To The General Opinion, On The Grounds That If Everyone Agreed About Its Merits, The Investment Is Inevitably Too Dear And Therefore Unattractive.

Experience Shows That What Happens Is Always The Thing Against Which One Has Not Made Provision In Advance.

For My Own Part, I Believe That There Is Social And Psychological Justification For Significant Inequalities Of Incomes And Wealth.

They Offer Me Neither Food Nor Drink - Intellectual Nor Spiritual Consolation... [conservatism] Leads Nowhere; It Satisfies No Ideal; It Conforms To No Intellectual Standard, It Is Not Safe, Or Calculated To Preserve From The Spoilers That Degree Of Civilization Which We Have Already Attained.

It Is Impossible That The Intention Of The Entrepreneur Who Has Borrowed In Order To Increase Investment Can Become Effective (except In Substitution For Investment By Other Entrepreneurs Which Would Have Occurred Otherwise) At A Faster Rate Than The Public Decide To Increase Their Savings