The Spirit Should Never Grow Old.

When You See Reference To A New Paradigm You Should Always, Under All Circumstances, Take Cover. Because Ever Since The Great Tulipmania In 1637, Speculation Has Always Been Covered By A New Paradigm. There Was Never A Paradigm So New And So Wonderful As The One That Covered John Law And The South Sea Bubble - Until The Day Of Disaster.

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

Few Economic Problems, If Any, Are Difficult Of Solution. The Difficulty, All But Invariably, Is In Confronting Them. We Know What Needs To Be Done; For Reasons Of Inertia, Pecuniary Interest, Passion Or Ignorance, We Do Not Wish To Say So.

The Man Who Is Admired For The Ingenuity Of His Larceny Is Almost Always Rediscovering Some Earlier Form Of Fraud. The Basic Forms Are All Known, Have All Been Practiced. The Manners Of Capitalism Improve. The Morals May Not.

No Society Ever Seems To Have Succumbed To Boredom. Man Has Developed An Obvious Capacity For Surviving The Pompous Reiteration Of The Commonplace.