Truth Has Anciently Been Called The First

It Had Been Held That The Economic System, Any Capitalist System, Found Its Equilibrium At Full Employment. Left To Itself, It Was Thus That It Came To Rest. Idle Men And Idle Plant Were An Aberration, A Wholly Temporary Failing. Keynes Showed That The Modern Economy Could As Well Find Its Equilibrium With Continuing, Serious Unemployment. Its Perfectly Normal Tendency Was To What Economists Have Since Come To Call An Underemployment Equilibrium.

Financial Operations Do Not Lend Themselves To Innovation. What Is Recurrently So Described And Celebrated Is, Without Exception, A Small Variation On An Established Design . . . The World Of Finance Hails The Invention Of The Wheel Over And Over Again, Often In A Slightly More Unstable Version.

There Are Few Ironclad Rules Of Diplomacy But To One There Is No Exception. When An Official Reports That Talks Were Useful, It Can Safely Be Concluded That Nothing Was Accomplished.

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.

Only Men Of Considerable Vanity Write Books; Consistently Therewith, I Worried Lest The World Were Exchanging An Irreplaceable Author For A More Easily Purchased Diplomat.