The only purpose of economic forecasts is to give astrology a better image. - John Kenneth Galbraith

Seaboard Air Line, which was thought by numerous innocents to provide a foothold in aviation, was another favorite, although, in fact, it was a railroad.

American university presidents are a nervous breed; I have never thought well of them as a class.

F or a decade after the bursting of the debt bubble in 1837, business conditions were depressed in the United States. The number of banks available for financing speculative adventures declined. Then, after another 10 years, public memory faded again.