The European single currency is bound to fail, economically, politically and indeed socially, though the timing, occasion and full consequences are all necessarily still unclear.
It is always important in matters of high politics to know what you do not know. Those who think they know, but are mistaken, and act upon their mistakes, are the most dangerous people to have in charge.
How very popular to say, 'spend more on this, expend more on that.' And of course, we all have our favorite causes; I know I do. But someone has to add up the figures. Every business has to do it, every housewife has to do it, [and] every government should do it.
When in August 1793 a British delegation showed their hosts a terrestrial globe, it turned into a diplomatic incident, for the Chinese were furious to see that their empire covered so little of it. For centuries the Chinese had thought of themselves as 'The Middle Kingdom', that is the centre of the civilized world. To see otherwise was a shock.
Unless we change our ways and our direction, our greatness as a nation will soon be a footnote in the history books, a distant memory of an offshore island, lost in the mist of time like Camelot, remembered kindly for its noble past.
The real case against socialism is not its economic inefficiency, though on all sides there is evidence of that. Much more fundamental is its basic immorality.
The Iraqis had paid a terrible price for Saddam's folly (in the Gulf War). But looking at the devastation they left behind (in Kuwait), my sympathy was limited.