For the individual, as I can testify, a brief grounding in semantics, besides making philosophy unreadable, makes unreadable most political speeches, classical economic theory, after-dinner oratory, diplomatic notes, newspaper editorials, treatises on pedagogics and education, expert financial comment, dissertations on money and credit, accounts of debates, and Great Thoughts from Great Thinkers in general. You would be surprised at the amount of time this saves.

Sanely applied advertising could remake the world.

The decline is in paper values, not in tangible goods and services...America is now in the eighth year of prosperity as commercially defined. The former great periods of prosperity in America averaged eleven years. On this basis we now have three more years to go before the tailspin.

Individual talent is too sporadic and unpredictable to be allowed any important part in the organization society. Social systems which endure are built on the average person who can be trained to occupy any position adequately if not brilliantly.

Common sense is that which tells us the world is flat.

Certain anthropologists hold that man, having discovered tools, ceased to evolve biologically. Animals, never having discovered them, continue to fashion drills out of their beaks, oars out of their hind feet, wings out of their forefeet, suits of armor out of their hides, levers out of their horns, saws out of their teeth. Whether this be true or not, all authorities agree that man is the tool-using animal. It sets him off from the rest of the animal kingdom as drastically as does speech.

I sympathize the first, the direct and single-minded attack [Red Revolution]. I believe it to have been necessary and inevitable in Russia. It may someday be inevitable in this country [United States of America]. I am not seriously alarmed by the sufferings of the creditor class, the troubles which the church is bound to encounter, the restrictions on certain kinds of freedom which must result, nor even by the bloodshed of the transition period. A better economic order is worth a little bloodshed.