There Is Wonder And A Certain Wicked

We Are Becoming The Servants In Thought, As In Action Of The Machine We Have Created To Serve Us.

Complexity And Obscurity Have Professional Value - They Are The Academic Equivalents Of Apprenticeship Rules In The Building Trades. They Exclude The Outsiders, Keep Down The Competition, Preserve The Image Of A Privileged Or Priestly Class. The Man Who Makes Things Clear Is A Scab. He Is Criticized Less For His Clarity Than For His Treachery.

There Is An Enormous Thrust In Our Time To Have A Simple Answer. And That Simple Answer Is That All Depends On Alan Greenspan And The Federal Reserve. And Alan, Who Is An Old Acquaintance Of Mine, Is A Marvelous Performer In The Impression He Gives Of Enormously Great Perception.

Economists Are Generally Negligent Of Their Heroes.

Inflation Does Not Lubricate Trade But By Rescuing Traders From Their Errors Of Optimism Or Stupidity.