When I Find New Information I Change

The Destruction Of The Inducement To Invest By An Excessive Liquidity-preference Was The Outstanding Evil, The Prime Impediment To The Growth Of Wealth, In The Ancient And Medieval Worlds.

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

It Is Generally Agreed That Casinos Should, In The Public Interest, Be Inaccessible And Expensive. And Perhaps The Same Is True Of Stock Exchanges.

The Inhabitant Of London Could Order By Telephone, Sipping His Morning Tea In Bed, The Various Products Of The Whole Earth -- He Could At The Same Time And By The Same Means Adventure His Wealth In The Natural Resources And New Enterprise Of Any Quarter Of The World -- He Could Secure Forthwith, If He Wished, Cheap And Comfortable Means Of Transit To Any Country Or Climate Without Passport Or Other Formality.

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. The Sight Of This Arbitrary Rearrangement Of Riches Strikes Not Only At Security, But At Confidence In The Equity Of The Existing Distribution Of Wealth.