The swarm-like appearance of new combinations easily and necessarily explains the fundamental features of periods of boom. - Joseph Schumpeter

The more the process of development becomes familiar and a mere matter of calculation to all concerned, and the weaker the obstacles become in the course of time, the less the “leadership” that will be needed to call forth innovations. Hence the less pronounced will become the swarm-like appearance of entrepreneurs and the milder the cyclical movement.

Gentlemen, you are worried about the depression[sic]. You should not be. For capitalism, a depression is a good, cold douche.

This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it.