“If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has.”
“The political problem of mankind is to combine three things: economic efficiency, social justice and individual liberty.”
“Markets can remain irrational longer than you can remain solvent.”
“But my lord, when we addressed this issue a few years ago, didn't you argue the other side?" He said, "That's true, but when I get more evidence I sometimes change my mind. What do you do?”
“When the facts change, I change my mind - what do you do, sir?”
“When my information changes, I alter my conclusions. What do you do, sir?”
“I cannot leave this subject as though its just treatment wholly depended either on our own pledges or economic facts. The policy of reducing Germany to servitude for a generation, of degrading the lives of millions of human beings, and of depriving a whole nation of happiness should be abhorrent and detestable, - abhorrent and detestable, even if it were possible, even if it enriched ourselves, even if it did not sow the decay of the whole civilized life of Europe. Some preach it in the name of Justice. In the great events of man's history, in the unwinding of the complex fates of nations Justice is not so simple. And if it were, nations are not authorized, by religion or by natural morals, to visit on the children of their enemies the misdoings of parents of rulers.”