If you owe your bank a hundred pounds, you have a problem. But if you owe a million, it has. - John Maynard Keynes

Marxists are ready to sacrifice the political liberties of individuals in order to change the existing economic order. So are Fascists and Nazis. That is why I said that those who had toyed with Marxist ideas could not have a clear conscience in defending the political liberties of individuals from reactionary attacks.

I am interested to hear that some of their chief difficulties were with definitions. I am not at all surprised, though it is extraordinarily tiresome and boring that it should be so. In my book I have deemed it necessary to go into these matters at disproportionate length, whilst feeling that this was in a sense a great pity and might divert the readers' minds from the real issues. It is, I think, a further illustration of the appalling state of scholasticism into which the minds of so many economists have got which allow them to take leave of their intuitions altogether. Yet in writing economics one is not writing either a mathematical proof or a legal document. One is trying to arouse and appeal to the reader's intuitions; and, if he has worked himself into a state when he has none, one is helpless!

The avoidance of taxes is the only intellectual pursuit that still carries any reward.