No Society Ever Seems To Have Succumbed

Increasingly In Recent Times We Have Come First To Identify The Remedy That Is Most Agreeable, Most Convenient, Most In Accord With Major Pecuniary Or Political Interest, The One That Reflects Our Available Faculty For Action; Then We Move From The Remedy So Available Or Desired Back To A Cause To Which That Remedy Is Relevant.

I Think The Role Of The Federal Reserve Is Enormously Exaggerated.

There's No Question That In My Lifetime, The Contrast Between What I Called Private Affluence And Public Squalor Has Become Very Much Greater. What Do We Worry About? We Worry About Our Schools. We Worry About Our Public Recreational Facilities. We Worry About Our Law Enforcement And Our Public Housing. All Of The Things That Bear Upon Our Standard Of Living Are In The Public Sector.

In 1929 The Discovery Of The Wonders Of The Geometric Series Struck Wall Street With A Force Comparable To The Invention Of The Wheel.

From The Fact Of General Well-being Came The New Position Of The Poor. They Were Now In Most Communities A Minority. The Voice Of The People Was Now The Voice Of Relative Affluence. Politicians In Pursuit Of Votes Could Be Expected To Have A Diminishing Concern For The Very Poor. Compassion Would Have To Serve Instead - An Uncertain Substitute.