When the final result is expected to be a compromise, it is often prudent to start from an extreme position. - John Maynard Keynes

In the great events of man's history, in the unwinding of the complex fates of nations Justice is not so simple. And if it were, nations are not authorized, by religion or by natural morals, to visit on the children of their enemies the misdoings of parents or of rulers.

By a continuing process of inflation governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens . . . The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose

In a world war Hitler will be beaten and knows it. I agree with you that we should bluff to the hilt; and if the bluff is called, back out. I prefer, meanwhile, meiosis and bogus optimism in public.