I have long argued that paying down the national debt is beneficial for the economy: it keeps interest rates lower than they otherwise would be and frees savings to finance increases in the capital stock, thereby boosting productivity and real incomes.
I, too, am indignant when the worthy Homer nods; yet in a long work it is allowable for sleep to creep over the writer.
[Lat., Et idem
Indignor quandoque bonus dormitat Homerus;
Verum opere longo fas est obrepere somnum.]
Michael Robartes remembers forgotten beauty and, when his arms wrap her round, he presses in his arms the loveliness which has long faded from the world. Not this. Not at all. I desire to press in my arms the loveliness which has not yet come into the world.
Risk comes from not knowing what you are doing so wide diversification is only required when investors are ignorant. You only have to do a very few things in your life so long as you don't do too many things wrong.
I asked: 'What is the meaning of my life, beyond time, cause, and space?' And I replied to quite another question: 'What is the meaning of my life within time, cause, and space?' With the result that, after long efforts of thought, the answer I reached was: 'None'.
I pledged myself to smoke but one cigar a day. I kept the cigar waiting until bedtime, then I had a luxurious time with it. But desire persecuted me every day and all day long. I found myself hunting for larger cigars...within the month my cigar had grown to such proportions I could have used it as a crutch.
I go out and put in a load during the offseason so I know what I'm going to be able to do, as long as I stay healthy, when it comes time for the season.
FRYING-PAN, n. One part of the penal apparatus employed in that punitive institution, a woman's kitchen. The frying-pan was invented by Calvin, and by him used in cooking span-long infants that had died without baptism; and observing one day the horrible torment of a tramp who had incautiously pulled a fried babe from the waste-dump and devoured it, it occurred to the great divine to rob death of its terrors by introducing the frying-pan into every household in Geneva. Thence it spread to all corners of the world, and has been of invaluable assistance in the propagation of his sombre faith.
Ere long the most valuable of all arts will be the art of deriving a comfortable subsistence from the smallest area of soil. No community where every member possesses the art can ever be the victim of oppression in any of its forms.