It's Not Whether You're Right

We Are Trying To Make The World A Better Place, But That Is Not Necessarily What We Accomplish. Many Of The Problems Which Preoccupy Us Are Basically Insoluble.

Advocating Democracy Has, By Other People, Often Been Taken As A Form Of Imperialism, And Not Without Some Justification. So The Important Thing In A Democracy Is That It Doesn't Necessarily Have To Agree With What America's Interests Are, And It Doesn't Necessarily Have To Be Serving American Interests.

There Is Always A Divergence Between Our Perception And What Actually Exists.

Unfortunately, The More Complex The System, The Greater The Room For Error.

In Certain Circumstances, Financial Markets Can Affect The So-called Fundamentals Which They Are Supposed To Reflect. When That Happens, Markets Enter Into A State Of Dynamic Disequilibrium And Behave Quite Differently From What Would Be Considered Normal By The Theory Of Efficient Markets. Such Boom/bust Sequences Do Not Arise Very Often, But When They Do, They Can Be Very Disruptive, Exactly Because They Affect The Fundamentals Of The Economy.