The Treasury Could Fill Old Bottles With

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.

Investing Is An Activity Of Forecasting The Yield Over The Life Of The Asset; Speculation Is The Activity Of Forecasting The Psychology Of The Market.

God Has Arrived. I Met Him On The 5:15 Train.

The Old Saying Holds. Owe Your Banker �1000 And You Are At His Mercy; Owe Him �1 Million And The Position Is Reversed.

I Know Of Only Three People Who Really Understand Money. A Professor At Another University. One Of My Students. And A Rather Junior Clerk At The Bank Of England.