The basic function of the military — to achieve victory over the enemy — has been rendered obsolete by the fact that "victory" and defeat are almost … - Robert Heilbroner

Keynes disdained inside information — in fact, he once declared that Wall Street traders could make huge fortunes if only they would disregard their "inside" information — and his own oracles were nothing but his minute scrutiny of balance sheets, his encyclopedic knowledge of finance, his intuition into personalities, and a certain flair for trading.

It is one of the dangerous self-deceptions of our society to pretend that mechanisms of control do not really exist, and to maintain, without qualification, that we are an economically "free" people.

Economic freedom is a highly desirable state — but in bust and boom we must be prepared to face the its consequences.