We Do Not Manufacture Wants For Goods

Commencement Oratory Must Eschew Anything That Smacks Of Partisan Politics, Political Preference, Sex, Religion Or Unduly Firm Opinion. Nonetheless, There Must Be A Speech: Speeches In Our Culture Are The Vacuum That Fills A Vacuum.

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.

The Enemy Of The Conventional Wisdom Is Not Ideas But The March Of Events.

In Public Administration Good Sense Would Seem To Require That Public Expectation Be Kept At The Lowest Possible Level In Order To Minimize Eventual Disappointment.

Men Are, In Fact, Either Sustained By Organization Or They Sustain Organization.