It Is The Good Fortune Of The

But Now, As Throughout History, Financial Capacity And Political Perspicacity Are Inversely Correlated.

In A World Where For Pedagogic And Other Purposes A Very Large Number Of Economists Is Required, An Arrangement Which Discourages Many Of Them From

The Inborn Instability Of Capitalism Has Been Part Of The History Of The System For Several Hundred Years.

The Income Men Derive From Producing Things Of Slight Consequence Is Of Great Consequence. The Production Reflects The Low Marginal Utility Of The Goods To Society. The Income Reflects The High Total Utility Of A Livelihood To A Person.

Superficial Observers Have Long Criticized The United States For Making A Fetish Of Youth. This Is Unfair. Uniquely Among Modern Organs Of Public And Private Administration, Its National Legislature Rewards Senility.