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Oligopoly Is An Imperfect Monopoly. Like The Despotism Of The Dual Monarchy, It Is Saved Only By Its Incompetence.

When You See Reference To A New Paradigm You Should Always, Under All Circumstances, Take Cover. Because Ever Since The Great Tulipmania In 1637, Speculation Has Always Been Covered By A New Paradigm. There Was Never A Paradigm So New And So Wonderful As The One That Covered John Law And The South Sea Bubble - Until The Day Of Disaster.

Inflation Does Not Lubricate Trade But By Rescuing Traders From Their Errors Of Optimism Or Stupidity.

There Can Be No Question, However, That Prolonged Commitment To Mathematical Exercises In Economics Can Be Damaging. It Leads To The Atrophy Of Judgement And Intuition. . .

The Greater The Wealth The Thicker Will Be The Dirt.