The Foresight Of Financial Experts Was, As

There Can Be Few Fields Of Human Endeavor In Which History Counts For So Little As In The World Of Finance.past Experience, To The Extent That It Is Part Of Memory At All, Is Dismissed As The Primitive Refuge Of The Those Who Do Not Have Insight To Appreciate The Incredible Wonders Of The Present.

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

Among All The World's Races, Some Obscure Bedouin Tribes Possibly Apart, Americans Are The Most Prone To Misinformation. This Is Not The Consequence Of Any Special Preference For Mendacity, Although At The Higher Levels Of Their Public Administration That Tendency Is Impressive. It Is Rather That So Much Of What They Themselves Believe Is Wrong.

Superficial Observers Have Long Criticized The United States For Making A Fetish Of Youth. This Is Unfair. Uniquely Among Modern Organs Of Public And Private Administration, Its National Legislature Rewards Senility.

While It Will Be Desirable To Achieve Planned Results, It Will Be Even More Important To Avoid Unplanned Disasters.