It Takes Some Skill To Spoil A

In Europe And The United States The Two Decades Following The Second World War Will For Long Be Remembered As A Very Good Time, The Time When Capitalism Really Worked. Everywhere In The Industrialized Countries Production Increased. Unemployment Was Everywhere Low. Prices Were Nearly Stable. When Production Lagged And Unemployment Rose, Governments Intervened To Take Up The Slack, As Keynes Had Urged.

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 World Of Finance Hails The Invention Of The Wheel Over And Over Again, Often In A Slightly More Unstable Version.

One Must Always Have In Mind One Simple Fact - There Is No Literate Population In The World That Is Poor, And There Is No Illiterate Population That Is Anything But Poor.

One Of The Little-celebrated Powers Of Presidents (and Other High Government Officials) Is To Listen To Their Critics With Just Enough Sympathy To Ensure Their Silence.