Quote of the Day

“While it takes as much skill to make a sword or a ploughshare, it takes a critical understanding of human values to prefer the ploughshare.”

Walter Lippmann, in his first Editorial for the New Republic, 1918.

Quote of the Day

“The stock market has predicted nine of the last five recessions”.

Paul Samuelson, writing 50 years ago, quoted by Larry Summers in yesterday’s Financial Times.