It is not the ownership of the instruments of production which it is important for the State to assume. If the State is able to determine the aggregate amount of resources devoted to augmenting the instruments and the basic rate of reward to those who own them, it will have accomplished all that is necessary. Moreover, the necessary measures of socialization can be introduced gradually and without a break in the general traditions of society.
For my own part, I believe that there is social and psychological justification for significant inequalities of incomes and wealth.
The disruptive powers of excessive national fecundity may have played a greater part in bursting the bonds of convention than either the power of ideas or the errors of autocracy.
I should have drunk more Champagne.
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.
The old saying holds. Owe your banker �1000 and you are at his mercy; owe him �1 million and the position is reversed.
God has arrived. I met him on the 5:15 train.
He had one illusion - France; and one disillusion - mankind, including Frenchmen.
Newton was not the first of the age of reason, he was the last of the magicians.
Economic privation proceeds by easy stages, and so long as men suffer it patiently the outside world cares little.
Like Odysseus, the President looked wiser when he was seated.
I am trying to re-shape and improve my central position.
I don't feel the least humble before the vastness of the heavens.
If we aim deliberately at the impoverishment of Central Europe, vengeance, I dare predict, will not limp.
In this autumn of 1919, in which I write, we are at the dead season of our fortunes.
I can't remember my telephone number, but I know it was in the high numbers.
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