By All But The Pathologically Romantic, It

One Can Relish The Varied Idiocy Of Human Action During A Panic To The Full, For, While It Is A Time Of Great Tragedy, Nothing Is Being Lost But Money.

And There Was A Deeper, Less Visible Effect Of The Truman Loyalty Program. Seeing Its Consequences For Certain Individuals And Fearing Its Intrusion On Their Own Lives, Many In The Government Sought Protection By Strongly Asserting Their Anti-communism. In The Public Action That Ensued, Policy Was Based Not On Reality But, Instinctively Or Deliberately, On Personal Caution...those Who Urged A Militant And Sometimes Military Anti-communism Were Considered Sound, Trustworthy And Personally Safe; Those Who Questioned Such A Course Were Politically Unsafe, Possible Even Slightly Disloyal.

The Senate Has Unlimited Debate; In The House, Debate Is Ruthlessly Circumscribed. There Is Frequent Discussion As To Which Technique Most Effectively Frustrates Democratic Process.

The Experience Of Being Disastrously Wrong Is Salutary, No Economist Should Be Denied It, And Not Many Are.

The Man Who Is Admired For The Ingenuity Of His Larceny Is Almost Always Rediscovering Some Earlier Form Of Fraud. The Basic Forms Are All Known, Have All Been Practiced. The Manners Of Capitalism Improve. The Morals May Not.