"The ranks of the City are now divided. The advanced section, headed by Mr McKenna and Mr Keynes, face the orthodox and reactionary ranks which are led by Mr Montagu Norman and the heads of the Treasury. To the uninitiated it...seems a little unfortunate that the ex-Labour chancellor should appear...to be an ardent supporter of Mr Montagu Norman. It will be little less than a disaster if in this struggle Labour support is accorded to the reactionary elements in the City."

“Together in Britain we have lit a flame that the ages shall not extinguish. Guard that sacred flame, my brother Blackshirts, until it illuminates Britain and lights again the paths of mankind.”

“Living financially and economically on American charity, selling up the house to the Yanks when he won't pay any more charity out. Are you content to be occupied and protected by American aeroplanes? Are you content to be in the position of an old woman, jipped by her young relations? You who were the greatest power on earth fifty years ago, and still can be! Why do I say, 'you still can be'? Because, my friends, I know you, I know the British people! I know that twice in my lifetime in the world war I fought in, in the world war the younger men fought in. We the British have put our effort, our energy of valor, of heroism, unequalled in the history of mankind.”

“...the old axiom that 'all power corrupts' has doubtful validity, because it derives from our neglect of Plato's advice to find men carefully and train them by methods which make them fit for heroes.”

“Great men of action never mind on occasion being ridiculous; in a sense it is part of their job.”

“Faced with the alternative of saying goodbye to the gold standard, and therefore to his own employment, and goodbye to other people's employment, Mr. Churchill characteristically selected the latter course.”

“The declared object of deflation was the restoration of the gold standard at pre-war parity. Its actual effect has been to create unemployment by the restriction of industrial credit. By the lever of unemployment it has forced down wages and has thus facilitated the return to gold through the reduction of prices. An incidental effect has been to transfer purchasing power from the workers, whose wages have been reduced, to the bondholders, whose interest has remained the same. It has also doubled the real burden of Debt since 1920, and was largely responsible for the mining lock-out last year, by the reduction in terms of sterling of the money which we receive for coal sold abroad. Deflation, in fact, has been responsible for a sinister catalogue of disasters which can be substantiated in detailed argument that has never yet been rebutted.”