One Of The Little-celebrated Powers Of Presidents

My Rule On Honorary Degrees Has Always Been To Have One More Than Arthur Schlesinger Jr.

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.

If Anything Is Evident About People Who Manage Money, It Is That The Task Attracts A Very Low Level Of Talent, One That Is Protected In Its Highly Imperfect Profession By The Mystery That Is Thought To Enfold The Subject Of Economics In General And Of Money In Particular.

The Salary Of The Chief Executive Of A Large Corporation Is Not A Market Award For Achievement. It Is Frequently In The Nature Of A Warm Personal Gesture By The Individual To Himself.

Seaboard Air Line, Which Was Thought By Numerous Innocents To Provide A Foothold In Aviation, Was Another Favorite, Although, In Fact, It Was A Railroad.