For Years I Have Told My Students

On This Basis, Which Was Originally Financial And Goes Back To George Peabody, There Grew Up In The Twentieth Century A Power Structure Between London And New York Which Penetrated Deeply Into University Life, The Press, And The Practice Of Foreign Policy.

Western Civilization Presents One Of The Most Difficult Tasks For Historical Analysis, Because It Is Not Yet Finished, Because We Are A Part Of It And Lack Perspective, And Because It Presents Considerable Variation From Our Pattern Of Historical Change.

Instead, The Two Parties Should Be Almost Identical, So That The American People Can Throw The Rascals Out At Any Election Without Leading To Any Profound Or Extensive Shifts In Policy.

A Society Is A Group Whose Members Have More Relationships With One Another Then They Do With Outsiders.

Inflation, Especially A Slow Steady Rise In Prices, Encourages Producers, Because It Means That They Can Commit Themselves To Costs Of Production On One Price Level And Then, Later, Offer The Finished Product For Sale At A Somewhat Higher Price Level. This Situation Encourages Production Because It Gives Confidence Of An Almost Certain Profit Margin.