Let Those Who Will Write The Nation's

To Prove That Wall Street Is An Early Omen Of Movements Still To Come In Gnp, Commentators Quote Economic Studies Alleging That Market Downturns Predicted Four Out Of The Last Five Recessions. That Is An Understatement. Wall Street Indexes Predicted Nine Out Of The Last Five Recessions! And Its Mistakes Were Beauties.

Globalization Presumes Sustained Economic Growth. Otherwise, The Process Loses Its Economic Benefits And Political Support.

Anyone With Special Abilities Earns A Differential Return On That Flair, Which We Economists Call A Rent. Those Few With Extraordinary P.q. (performance Quotient) Will Not Give Away Such Rent To The Ford Foundation Or The Local Bank Trust Department. They Have Too High An I.q. For That.

Kelsoism Is Not Accepted By Modern Scientific Economics As A Valid And Fruitful Analysis Of The Distribution Of Income But Rather It Is Regarded As An Amateurish And Cranky Fad.

The Recent Market Run-up That Appreciated Run-of-the- Mill Shares Also Chanced To Send Up Those Token Gold Holdings. Pure Luck, Undeserved And Unlikely To Reoccur. Good Questions Outrank Easy Answers.