In The Early Days Of The Crash

Even In Such A Time Of Madness As The Late Twenties, A Great Many Man In Wall Street Remained Quite Sane. But They Also Remained Very Quiet. The Sense Of Responsibility In The Financial Community For The Community As A Whole Is Not Small. It Is Nearly Nil. Perhaps This Is Inherent. In A Community Where The Primary Concern Is Making Money, One Of The Necessary Rules Is To Live And Let Live. To Speak Out Against Madness May Be To Ruin Those Who Have Succumbed To It. So The Wise In Wall Street Are Nearly Always Silent. The Foolish Thus Have The Field To Themselves. None Rebukes Them.

When People Put Their Ballots In The Boxes, They Are, By That Act, Inoculated Against The Feeling That The Government Is Not Theirs. They Then Accept, In Some Measure, That Its Errors Are Their Errors, Its Aberrations Their Aberrations, That Any Revolt Will Be Against Them. It's A Remarkably Shrewd And Rather Conservative Arrangement When One Thinks Of It.

The Man Who Is Admired For The Ingenuity Of His Larceny Is Almost Always Rediscovering Some Earlier Form Of Fraud. The Basic Forms Are All Known, Have All Been Practiced. The Manners Of Capitalism Improve. The Morals May Not.

No Solution [to The Problem Of Poverty] Is So Effective As Providing Income To The Poor. Whether In The Form Of Food, Housing, Health Services, Education Or Money, Income Is An Excellent Antidote For Deprivation. No Truth Has Spawned So Much Ingenious Evasion.

Money Differs From An Automobile Or Mistress In Being Equally Important To Those Who Have It And Those Who Do Not.