After 1929, So Many People Had Been

The Great Inflation Of The 1970s Destroyed Faith In Paper Assets, Because If You Held A Bond, Suddenly The Bond Was Worth Much Less Money Than It Was Before.

There Is A Kind Of Fear, Approaching A Panic, That's Spreading Through The Baby Boom Generation, Which Has Suddenly Discovered That It Will Have To Provide For Its Own Retirement.

In Waiting For The Glorious Moment Of That First Book Contract, Writers Must Have Giant Reservoirs Of Patience. Yet They Must Persevere Because They Don't Know The Destiny That Is Being Worked Out For Them. They Creep Humbly Along The Ground, Without The Spacious Aerial Vision Of Their Lives That Would Show Them The Destiny In Store For Them.

One Of The Special Characteristics Of New York Is That It Is Different From A London Or A Paris Because It's The Financial Capital, And The Cultural Capital, But Not The Political Capital.

I'm Dubious About Having Social Security Put Into The Stock Market. I Think That We Have Gotten Very Far Away From The Idea That There's Something Sacrosanct About Retirement Investments.