“One of the commonest things to do with savings is to lend them to some Government. In view of the fact that the bulk of the public expenditure of most civilized Governments consists in payment for past wars or preparation for future wars, the man who lends his money to a Government is in the same position as the bad men in Shakespeare who hire murderers. The net result of the man's economical habits is to increase the armed forces of the State to which he lends his savings. Obviously it would be better if he spent the money, even if he spent it in drink or gambling.”

“The extent to which beliefs are based upon evidence is very much less than believers suppose. Take the kind of action which is most nearly rational: the investment of money by a rich City man. You will often find that his view (say) on the question whether the French franc will go up or down depends upon his political sympathies, and yet is so strongly held that he is prepared to risk money on it.”

“Politicians do not find any attractions in a view which does not lend itself to party declamation, and ordinary mortals prefer views which attribute misfortune to the machinations of their enemies.”

“So in everything: power lies with those who control finance, not with those who know the matter upon which the money is to be spent. Thus, the holders of power are, in general, ignorant and malevolent, and the less they exercise their power the better.”

“With the wise man, what he has does not cease to be enjoyable because some one else has something else. Envy, in fact, is one form of vice, partly moral, partly intellectual, which consists in seeing things never in themselves but only in their relations”

“No man is liberated from fear who dare not see his place in the world as it is; no man can achieve the greatness of which he is capable until he has allowed himself to see his own littleness.”

“If a man is offered a fact which goes against his instincts, he will scrutinize it closely, and unless the evidence is overwhelming, he will refuse to believe it. If, on the other hand, he is offered something which affords a reason for acting in accordance to his instincts, he will accept it even on the slightest evidence. The origin of myths is explained in this way.”