Economists Are Generally Negligent Of Their Heroes.

Meetings Are Held Because Men Seek Companionship Or, At A Minimum, Wish To Escape The Tedium Of Solitary Duties. They Yearn For The Prestige Which Accrues To The Man Who Presides Over Meetings, And This Leads Them To Convoke Assemblages Over Which They Can Preside. Finally, There Is The Meeting Which Is Called Not Because There Is Business To Be Done, But Because It Is Necessary To Create The Impression That Business Is Being Done. Such Meetings Are More Than A Substitute For Action. They Are Widely Regarded As Action.

In The Conventional Wisdom Of Conservatives, The Modern Search For Security Is Regularly Billed As The Greatest Single Threat To Economic Progress.

The Stock Market Is But A Mirror Which Provides An Image Of The Underlying Or Fundamental Economic Situation. Cause And Effect Run From The Economy To The Stock Market, Never The Reverse. In 1929 The Economy Was Headed For Trouble. Eventually That Trouble Was Violently Reflected In Wall Street.

That One Never Need To Look Beyond The Love Of Money For Explanation Of Human Behavior Is One Of The Most Jealously Guarded Simplification Of Our Culture.

It Is A Far, Far Better Thing To Have A Firm Anchor In Nonsense Than To Put Out On The Troubled Seas Of Thought.