I'd Rather Be Vaguely Right Than Precisely

The Old Saying Holds. Owe Your Banker �1000 And You Are At His Mercy; Owe Him �1 Million And The Position Is Reversed.

Economists Must Leave To Adam Smith Alone The Glory Of The Quarto, Must Pluck The Day, Fling Pamphlets Into The Wind, Write Always Sub Specie Temporis , And Achieve Immortality By Accident, If At All.

The Spectacle Of Modern Investment Markets Has Sometimes Moved Me Towards The Conclusion That To Make The Purchase Of An Investment Permanent And Indissoluble, Like Marriage, Except By Reason Of Death Or Other Grave Cause, Might Be A Useful Remedy For Our Contemporary Evils. For This Would Force The Investor To Direct His Mind To The Long-term Prospects And To Those Only.

The Division Of The Spoils Between The Victors Will Also Provide Employment For A Powerful Office, Whose Doorsteps The Greedy Adventurers And Jealous Concession Hunters Of Twenty Or Thirty Nations Will Crowd And Defile.

The Economic Problem...the Problem Of Want And Poverty And The Economic Struggle Between Classes And Nations, Is Nothing But A Frightful Muddle, A Transitory And Unnecessary Muddle.