Economics Is A Very Dangerous Science.

By This Means (fractional Reserve Banking) Government May Secretly And Unobserved, Confiscate The Wealth Of The People, And Not One Man In A Million Will Detect The Theft.

Worldly Wisdom Teaches That It Is Better For Reputation To Fail Conventionally Than To Succeed Unconventionally.

Nor Should The Argument Seem Strange That Taxation May Be So High As To Defeat Its Object, And That, Given Sufficient Time To Gather The Fruits, A Reduction Of Taxation Will Run A Better Chance Than An Increase Of Balancing The Budget.

It Would Be Foolish, In Forming Our Expectations, To Attach Great Weight To Matters Which Are Very Uncertain.

Most, Probably, Of Our Decisions To Do Something Positive, The Full Consequences Of Which Will Be Drawn Out Over Many Days To Come, Can Only Be Taken As The Result Of Animal Spirits-a Spontaneous Urge To Action Rather Than Inaction, And Not As The Outcome Of A Weighted Average Of Quantitative Benefits Multiplied By Quantitative Probabilities.