Few Things Are As Immutable As The

Power Is As Power Does.

Economics Is Not An Exact Science.

There Can Be Few Fields Of Human Endeavor In Which History Counts For So Little As In The World Of Finance.past Experience, To The Extent That It Is Part Of Memory At All, Is Dismissed As The Primitive Refuge Of The Those Who Do Not Have Insight To Appreciate The Incredible Wonders Of The Present.

We Have A Swarm Of People In The Stock Market - Not Out Of Knowledge, Not Out Of Expectation, But Out Of Basically A Gambling Instinct, The Hope That Prices Will Go Up.

The Individual Serves The Planning System Not By Supplying It With Savings And The Resulting Capital; He Serves It Far More By Consuming Its Products.