Long periods of recession, which tend to be self-perpetuating, are usually ended by war, or by preparations for it.
Paul JohnsonThe Second World War took place not so much because no one won the First, but because the Versailles Treaty did not acknowledge this truth.
Paul JohnsonIf you depart from moral absolutes, you go into a bottomless pit. Communism and Nazism were catastrophic evils which both derived from moral relativism. Their differences were minor compared to their similarities.
Paul JohnsonThe urge to distribute wealth equally, and still more the belief that it can be brought about by political action, is the most dangerous of all popular emotions. It is the legitimation of envy, of all the deadly sins the one which a stable society based on consensus should fear the most. The monster state is a source of many evils; but it is, above all, an engine of envy.
Paul JohnsonIt is one of the many ironies of this period that, at a time when the intelligentsia were excoriating Mellon for tax-evasion, and contrasting the smooth-running Soviet planned economy with the breakdown in America, he was secretly exploiting the frantic necessities of the Soviet leaders to form the basis of one of America's most splendid public collections
Paul Johnson