Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We can see that in the inverse relationship exhibited by price/earnings ratios and the rate of inflation in the past. But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade?
Socialism is the phantastic younger brother of despotism, which it wants to inherit. Socialism wants to have the fullness of state force which before only existed in despotism. ... However, it goes further than anything in the past because it aims at the formal destruction of the individual ... who ... can be used to improve communities by an expedient organ of government.
How can the past and future be, when the past no longer is, and the future is not yet? As for the present, if it were always present and never moved on to become the past, it would not be time, but eternity.
We must abandon completely the notion of blaming the past for any kind of situation we're in and reverse our thinking and see that the past always flows back from the present. That now is the creative point of life. So you see it's like the idea of forgiving somebody, you change the meaning of the past by doing that...Also, watch the flow of music. The melody as its expressed is changed by notes that come later. Just as the meaning of a sentence...you wait till later to find out what the sentence means...The present is always changing the past.
The goal ever recedes from us. The greater the progress the greater the recognition of our unworthiness. Satisfaction lies in the effort, not in the attainment. Full effort is full victory.
... if, as women, we accept a philosophy of history that asserts that women are by definition assimilated into the male universal,that we can understand our past through a male lens--if we are unaware that women even have a history--we live our lives similarly unanchored, drifting in response to a veering wind of myth and bias.
Because men really respect only that which was founded of old and has developed slowly, he who wants to live on after his death must take care not only of his posterity but even more of his past.
If we pursue this way, if we are decent, industrious, and honest, if we so loyally and truly fulfill our duty, then it is my conviction that in the future as in the past the Lord God will always help us. In the long run He never leaves decent folk in the lurch. Often He may test them, He may send trials upon them, but in the long run He always lets His sun shine upon them once more and at the end He gives them His blessing.