Anyone who says he won't resign four times, will.

Power is not something that can be assumed or discarded at will like underwear.

Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.

The stock market is but a mirror which provides an image of the underlying or fundamental economic situation. Cause and effect run from the economy to the stock market, never the reverse. In 1929 the economy was headed for trouble. Eventually that trouble was violently reflected in Wall Street.

Perhaps never before or since have so many people taken the measure of economic prospects and found them so favorable as in the two days following the Thursday [24th October 1929] disaster.

The experience of being disastrously wrong is salutary, no economist should be denied it, and not many are.

In the old days, land was important as the giver of all things. That period is gone now. Technology and brainpower are all that matters and yet conflicts over land, specially one like on the India-China border, that yields nothing, continue. This is a burden of ancient history that we continue to carry. If tomorrow there is settlement on planet Mars, we will begin to worry if others are interested.