Foreign Policy Is Conducted For The Convenience

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

In Europe And The United States The Two Decades Following The Second World War Will For Long Be Remembered As A Very Good Time, The Time When Capitalism Really Worked. Everywhere In The Industrialized Countries Production Increased. Unemployment Was Everywhere Low. Prices Were Nearly Stable. When Production Lagged And Unemployment Rose, Governments Intervened To Take Up The Slack, As Keynes Had Urged.

Preservationists Are The Only People In The World Who Are Invariably Confirmed In Their Wisdom After The Fact.

Mr. David Stockman Has Said That Supply-side Economics Was Merely A Cover For The Trickle-down Approach To Economic Policy — What An Older And Less Elegant Generation Called The Horse-and-sparrow Theory: If You Feed The Horse Enough Oats, Some Will Pass Through To The Road For The Sparrows.

Under Capitalism, Man Exploits Man. Under Communism, It's Just The Opposite.