Ideas Shape The Course Of History.

But Whilst There May Be Intrinsic Reasons For The Scarcity Of Land, There Are No Intrinsic Reasons For The Scarcity Of Capital.

One Blames Politicians, Not For Inconsistency But For Obstinacy. They Are The Interpreters, Not The Masters, Of Our Fate. It Is Their Job, In Fact, To Register The Fact Accompli.

A Sound Banker, Alas, Is Not One Who Foresees Danger And Avoids It, But One Who, When He Is Ruined, Is Ruined In A Conventional And Orthodox Way Along With His Fellows, So That No One Can Really Blame Him. It Is Necessarily Part Of The Business Of A Banker To Maintain Appearances, And To Confess A Conventional Respectability, Which Is More Than Human. Life-long Practices Of This Kind Make Them The Most Romantic And The Least Realistic Of Men.

I'd Rather Be Vaguely Right Than Precisely Wrong.

The Idea Behind Stamped Money Is Sound.