APHORISM, n. Predigested wisdom. The flabby wine-skin of his brain Yields to some pathologic strain, And voids from its unstored abysm The driblet of an aphorism. "The Mad Philosopher," 1697
Crush humanity out of shape once more, under similar hammers, and it will twist itself into the same tortured forms. Sow the same seeds of rapacious licence and oppression over again, and it will surely yield the same fruit according to its kind.
How do you measure whether or not a strategy of economic growth that is articulated by a very smart, capable economist actually yields growth? You can't. But you can influence.
The earth is a machine which yields almost gratuitous service to every application of intellect. Every plant is a manufacturer of soil. In the stomach of the plant development begins. The tree can draw on the whole air, the whole earth, on all the rolling main. The plant is all suction-pipe,--imbibing from the ground by its root, from the air by its leaves, with all its might.
However we select from nature a complex [of phenomena] using the criterion of simplicity, in no case will its theoretical treatment turn out to be forever appropriate (sufficient).... I do not doubt that the day will come when [general relativity], too, will have to yield to another one, for reasons which at present we do not yet surmise. I believe that this process of deepening theory has no limits.
Public opinion is a mysterious and invisible power, to which everything must yield. There is nothing more fickle, more vague, or more powerful; yet capricious as it is, it is nevertheless much more often true, reasonable, and just, than we imagine.
We will continue to ignore political and economic forecasts, which are an expensive distraction for many investors and
businessmen. Thirty years ago, no one could have foreseen the huge expansion of the Vietnam War, wage and price controls, two oil shocks, the resignation of a president, the dissolution of the Soviet Union, a one-day drop in the Dow of 508 points, or treasury bill yields fluctuating between 2.8% and 17.4%.