I Should Have Drunk More Champagne.

It's Not Bringing In The New Ideas That's So Hard; It's Getting Rid Of The Old Ones.

Too Large A Proportion Of Recent "mathematical" Economics Are Mere Concoctions, As Imprecise As The Initial Assumptions They Rest On, Which Allow The Author To Lose Sight Of The Complexities And Interdependencies Of The Real World In A Maze Of Pretentious And Unhelpful Symbols.

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.

By This Means (fractional Reserve Banking) Government May Secretly And Unobserved, Confiscate The Wealth Of The People, And Not One Man In A Million Will Detect The Theft.

Those, Who Are Strongly Wedded To What I Shall Call 'the Classical Theory', Will Fluctuate, I Expect, Between A Belief That I Am Quite Wrong And A Belief That I Am Saying Nothing New. It Is For Others To Determine If Either Of These Or The Third Alternative Is Right.