No One Believes An Hypothesis Except Its

The State Is Or Can Be Master Of Money, But In A Free Society It Is Master Of Very Little Else.

The State In Organising Security Should Not Stifle Incentive, Opportunity, Responsibility, In Establishing A National Minimum It Should Leave Room And Encouragement For Voluntary Action By Each Individual To Provide More Than The Minimum For Himself And His Family.

There Is No Inherent Mechanism In Our Present System Which Can With Certainty Prevent Competitive Sectional Bargaining For Wages From Setting Up A Vicious Spiral Of Rising Prices Under Full Employment.

The Object Of Government In Peace And In War Is Not The Glory Of Rulers Or Of Races, But The Happiness Of The Common Man.

Full Employment Does Not Mean Literally No Unemployment; That Is To Say, It Does Not Mean That Every Man And Woman In The Country Who Is Fit And Free For Work Is Employed Productively Every Day Of His Or Her Working Life ... Full Employment Means That Unemployment Is Reduced To Short Intervals Of Standing By, With The Certainty That Very Soon One Will Be Wanted In One's Old Job Again Or Will Be Wanted In A New Job That Is Within One's Powers.