I can measure the motions of bodies,” Sir Isaac Newton once observed, “but I cannot measure human folly.” Nor could he do so as regards his own. He w… - John Kenneth Galbraith

I can measure the motions of bodies,” Sir Isaac Newton once observed, “but I cannot measure human folly.

There would also be, we may be certain, the traditional reassuring words from Washington. Always when markets are in trouble, the phrases are the same: “The economic situation is fundamentally sound” or simply “The fundamentals are good.” All who hear these words should know that something is wrong.

Ideas are inherently conservative. They yield not to the attack of other ideas but to the massive onslaught of circumstance with which they cannot contend.

Foresight is an imperfect thing — all prevision in economics is imperfect.