Progress is cumulative in science and engineering, but cyclical in finance.
Hope sustains life, but misplaced hope prolongs recessions.
Debt is always repaid, either by the borrower or by the lender.
[C]apitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.
[T]he first bad bank loan was no doubt made around the time of the opening of the first bank.
In general, markets know more than the people who write about them.