There would also be, we may be certain, the traditional reassuring words from Washington. Always when markets are in trouble, the phrases are the sam… - John Kenneth Galbraith

Recurrent speculative insanity and the associated financial deprivation and larger devastation are, i am persuaded, inherent in the system. Perhaps it is better that this be recognized and accepted.

Scholars gather in scholarly assemblages to hear in elegant statement what all have heard before. Again, it is not a negligible rite, for its purpose is not to convey knowledge but to beatify learning and the learned.

People are the common denominator of progress. So, paucis verbis, no improvement is possible with unimproved people, and advance is certain when people are liberated and educated. It would be wrong to dismiss the importance of roads, railroads, power plants, mills, and the other familiar furniture of economic development. At some stages of development — the stage that India and Pakistan have reached, for example — they are central to the strategy of development. But we are coming to realize, I think, that there is a certain sterility in economic monuments that stand alone in a sea of illiteracy. Conquest of illiteracy comes first.