You will find that [the] State [Department] is the kind of organisation which, though it does big things badly, does small things badly too. - John Kenneth Galbraith

I am worried about our tendency to over invest in things and under invest in people.

In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough.

Increasing values again brought increasing values. As with the canals and turnpikes, it was transportation, this time the railroads, that was the focus of the speculation. Here the horizons seemed truly without limit. Who could lose on what was so obviously needed?