Genius Is A Rising Stock Market.

In Central Banking As In Diplomacy, Style, Conservative Tailoring, And An Easy Association With The Affluent Count Greatly And Results Far Much Less.

Among All The World's Races, Some Obscure Bedouin Tribes Possibly Apart, Americans Are The Most Prone To Misinformation. This Is Not The Consequence Of Any Special Preference For Mendacity, Although At The Higher Levels Of Their Public Administration That Tendency Is Impressive. It Is Rather That So Much Of What They Themselves Believe Is Wrong.

Clearly The Most Unfortunate People Are Those Who Must Do The Same Thing Over And Over Again, Every Minute, Or Perhaps Twenty To The Minute. They Deserve The Shortest Hours And The Highest Pay.

However, It Is Safe To Say That At The Peak In 1929 The Number Of Active Speculators Was Less - And Probably Was Much Less - Than A Million.

The Individual Serves The Planning System Not By Supplying It With Savings And The Resulting Capital; He Serves It Far More By Consuming Its Products.