"America is deeply insolvent, and for that matter, so are most of continental Europe, the UK andJapan."
"Find the right answer, realise you'll never see it in your lifetime, and then advocate it anyway, because it's the right answer."
"Neither the British nor the German governments had the money, or gold, to pay for it. Both came off the gold standard and printed the money they needed. Had either government not had the power to print money or create debt – i.e. if they did not have control of money – the war would have had to stop.. Think about the implications...German reparations...Weimar hyperinflation...the rise of Hitler..."
"In 1971 I could have taken my son to the FA Cup Final for £2 (now over £100). The Mars bar I bought him at half-time would have been 2p (now 60p). The beer I bought myself would have been 11p (now £5 a pint at Wembley). The gallon of petrol I needed to get me there and back would have been 33p (now £7). And the house we went home to would have been something like 40 times cheaper."