We Do Not Manufacture Wants For Goods

I've Been A Faithful Reader Of The Great Classical Documents Of Economics, Or Tried To Be.

In The Old Days, Land Was Important As The Giver Of All Things. That Period Is Gone Now. Technology And Brainpower Are All That Matters And Yet Conflicts Over Land, Specially One Like On The India-china Border, That Yields Nothing, Continue. This Is A Burden Of Ancient History That We Continue To Carry. If Tomorrow There Is Settlement On Planet Mars, We Will Begin To Worry If Others Are Interested.

Financial Capacity And Political Perspicacity Are Inversely Correlated. Long-run Salvation By Men Of Business Has Never Been Highly Regarded If It Means Disturbance Of Orderly Life And Convenience In The Present. So Inaction Will Be Advocated In The Present Even Though It Means Deep Trouble In The Future. Here, At Least Equally With Communism, Lies The Threat To Capitalism. It Is What Causes Men Who Know That Things Are Going Quite Wrong To Say That Things Are Fundamentally Sound.

The Shortcomings Of Economics Are Not Original Error But Uncorrected Obsolescence. The Obsolescence Has Occurred Because What Is Convenient Has Become Sacrosanct. Anyone Who Attacks Such Ideas Must Seem To Be A Trifle Self-confident And Even Aggressive. The Man Who Makes His Entry By Leaning Against An Infirm Door Gets An Unjustified Reputation For Violence. Something Is To Be Attributed To The Poor State Of The Door.

Poverty" Pitt Exclaimed "is No Disgrace But It Is Damned Annoying." In The Contemporary United States It Is Not Annoying But It Is A Disgrace.