Conscience Is Better Served By A Myth.

In 1736, Franklin's Pennsylvania Gazette Printed An Apology For Its Irregular Appearence Because Its Printer Was "with The Press, Labouring For The Publick Good, To Make Money More Plentiful." The Press Was Busy Printing Money.

Money Differs From An Automobile Or Mistress In Being Equally Important To Those Who Have It And Those Who Do Not.

In Public Administration Good Sense Would Seem To Require That Public Expectation Be Kept At The Lowest Possible Level In Order To Minimize Eventual Disappointment.

The Conspicuously Wealthy Turn Up Urging The Character Building Values Of The Privation Of The Poor.

The Oldest Problem In Economic Education Is How To Exclude The Incompetent. A Certain Glib Mastery Of Verbiage-the Ability To Speak Portentously And Sententiously About The Relation Of Money Supply To The Price Level-is Easy For The Unlearned And May Even Be Aided By A Mildly Enfeebled Intellect. The Requirement That There Be Ability To Master Difficult Models, Including Ones For Which Mathematical Competence Is Required, Is A Highly Useful Screening Device.