But now that foreign steel, and foreign cars, are moving into the United States in increased quantities at relatively low prices, the United States can no longer keep its business system fluid by inflation.
John ChamberlainTwo hundred years ago the first liberal economist, Adam Smith, warned businessmen that they could absorb only a certain amount of rigidity. In the easy days after World War II... wage rises could be financed out of inflationary price increases.
John ChamberlainArt is a liaison between some sort of deranged mentality and others who are not going through it.
John ChamberlainI'm more interested in seeing what the material tells me than in imposing my will on it.
John Chamberlain