I Predict, Not Because I Know, But

If It Is Dangerous To Suppose That Government Is Always Right, It Will Sooner Or Later Be Awkward For Public Administration If Most People Suppose That It Is Always Wrong.

Capitalism Is Chronically Unstable.boom And Bust Has Always Marked Capitalism In The United States. There Were Panics In 1785, 1791, 1819, 1857, 1869, 1873, 1907, 1929 And 1987.in Economies And Politics, As In War, An Astonishing Number Of People Die, Like The Man On The Railway Crossing, Defending Their Right Of Way. This Is A Poorly Developed Instinct In Switzerland. No Country So Firmly Avows The Principles Of Private Enterprise But In Few Have The Practical Concessions To Socialism Been More Numerous And Varied.

People Who Are In A Fortunate Position Always Attribute Virtue To What Makes Them So Happy.

The Traveler To The United States Will Do Wellto Prepare Himself For The Class-consciousness Of The Natives. This Differs From The Already Familiar English Version In Being More Extreme And Based More Firmly On The Conviction That The Class To Which The Speaker Belongs Is Inherently Superior To All Others.

Inflation Does Not Lubricate Trade But By Rescuing Traders From Their Errors Of Optimism Or Stupidity.