I'm A Better Economist Than I Was

An Almost Hysterical Antagonism Toward The Gold Standard Is One Issue Which Unites Statists Of All Persuasions. They Seem To Sense... That Gold And Economic Freedom Are Inseparable.

[republicans] Swapped Principle For Power. They Ended Up With Neither. They Deserved To Lose.

I Was A Good Amateur But Only An Average Professional. I Soon Realized That There Was A Limit To How Far I Could Rise In The Music Business, So I Left The Band And Enrolled At New York University.

I Have One Other Issue I'd Like To Throw On The Table. I Hesitate To Do It, But Let Me Tell You Some Of The Issues That Are Involved Here. If We Are Dealing With Psychology, Then The Thermometers One Uses To Measure It Have An Effect. I Was Raising The Question On The Side With Governor Mullins Of What Would Happen If The Treasury Sold A Little Gold In This Market. There's An Interesting Question Here Because If The Gold Price Broke In That Context, The Thermometer Would Not Be Just A Measuring Tool. It Would Basically Affect The Underlying Psychology.

Excessive Optimism Sows The Seeds Of Its Own Reversal.