Educators Have Yet To Realize How Deeply

No Society Ever Seems To Have Succumbed To Boredom. Man Has Developed An Obvious Capacity For Surviving The Pompous Reiteration Of The Commonplace.

The Inborn Instability Of Capitalism Has Been Part Of The History Of The System For Several Hundred Years, Including Recurrent Speculative Episodes. There Should Be No Doubt In Anyone's Mind That We're Now Having Another One Of Those Speculative Episodes.

Broadly Speaking, Keynesianism Means That The Government Has A Specific Responsibility For The Behavior Of The Economy, That It Doesn't Work On Its Own Autonomous Course, But The Government, When There's A Recession, Compensates By Employment, By Expansion Of Purchasing Power, And In Boom Times Corrects By Being A Restraining Force. But It Controls The Great Flow Of Demand Into The Economy, What Since Keynesian Times Has Been The Flow Of Aggregate Demand. That Was The Basic Idea Of Keynes So Far As One Can Put It In A Couple Of Sentences.

The Conspicuously Wealthy Turn Up Urging The Character Building Values Of The Privation Of The Poor.

Ideas Do Not Respect National Frontiers, And This Is Especially So Where Language And Other Traditions Are In Common.