If Anything Is Evident About People Who

This Is A World Inhabited Not By People Who Have To Be Persuaded To Believe But By People Who Want An Excuse To Believe.

There Was Something Superficial In Attributing Anything So Awful As The Great Depression To Anything So Insubstantial As Speculation In Common Stocks.

Humor Is Richly Rewarding To The Person Who Employs It. It Has Some Value In Gaining And Holding Attention, But It Has No Persuasive Value At All.

It Had Been Held That The Economic System, Any Capitalist System, Found Its Equilibrium At Full Employment. Left To Itself, It Was Thus That It Came To Rest. Idle Men And Idle Plant Were An Aberration, A Wholly Temporary Failing. Keynes Showed That The Modern Economy Could As Well Find Its Equilibrium With Continuing, Serious Unemployment. Its Perfectly Normal Tendency Was To What Economists Have Since Come To Call An Underemployment Equilibrium.

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.