All the greatest economists, John Stuart Mill at their head, have always spoken of the evils of borrowing for the purposes of war, and have pointed out that as far as possible posterity should be relieved and the cost of what is consumed in the war be met at the time. That is a counsel of perfection, but nobody has ever come nearer to it than the late Chancellor of the Exchequer [Sir Kingsley Wood].

Once you are so unfortunate as to be drawn into a war, no price is too great to pay for an early and victorious peace.

Air power may either end war or end civilization.

If, however, there is to be a war of nerves let us make sure our nerves are strong and are fortified by the deepest convictions of our hearts.

Politics is almost as exciting as war, and quite as dangerous. In war you can only be killed once, but in politics many times.

I do not believe in a major war this year because the French army at present is as large as that of Germany and far more mature. But next year and the year after may carry these Dictator-ridden countries to the climax of their armament and of their domestic embarrassments. We shall certainly need to be ready then.