Morally And Philosophically I Find Myself In

It Would Be Foolish, In Forming Our Expectations, To Attach Great Weight To Matters Which Are Very Uncertain.

If The Treasury Were To Fill Old Bottles With Bank-notes, Bury Them At Suitable Depths In Disused Coal-mines Which Are Then Filled Up To The Surface With Town Rubbish, And Leave It To Private Enterprise On Well-tried Principles Of Laissez-faire To Dig The Notes Up Again (the Right To Do So Being Obtained, Of Course, By Tendering For Leases Of The Note-bearing Territory), There Need Be No More Unemployment And, With The Help Of Repercussions, The Real Income Of The Community, And Its Capital Wealth, Would Probably Become A Good Deal Greater Than It Actually Is.

The Classical Theorists Resemble Euclidean Geometers In A Non-euclidean World Who, Discovering That In Experience Straight Lines Apparently Parallel Often Meet, Rebuke The Lines For Not Keeping Straight As The Only Remedy For The Unfortunate Collisions Which Are Occurring. Yet, In Truth, There Is No Remedy Except To Throw Over The Axiom Of Parallels And To Work Out A Non-euclidean Geometry.

Government Machinery Has Been Described As A Marvelous Labor Saving Device Which Enables Ten Men To Do The Work Of One.

When The Final Result Is Expected To Be A Compromise, It Is Often Prudent To Start From An Extreme Position.