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Quote for Today

"The real contribution we owe to Locke's phiosophy does not lie in his abandoning metaphysics; that, a number of thinkers had already done, but in his way of circumscribing and protecting a little islet in the illimitable ocean whose horizon recedes forever as we move."
- Paul Hazard, The Crisis of the European Mind: 1680-1715.


Poem for Today

The House Was Quiet and The World Was Calm
The house was quiet and the world was calm.
The reader became the book; and summer night
Was like the conscious being of the book.
The house was quiet and the world was calm.
The words were spoken as if there was no book,
Except that the reader leaned above the page,
Wanted to lean, wanted much most to be
The scholar to whom his book is true, to whom
The summer night is like a perfection of thought.
The house was quiet because it had to be.
The quiet was part of the meaning, part of the mind:
The access of perfection to the page.
And the world was calm. The truth in a calm world,
In which there is no other meaning, itself
Is calm, itself is summer and night, itself
Is the reader leaning late and reading there.

Quote for Today

“Literature is humanity talking to itself.”
Norman Rush


Quote for Today

"Anyone can be a barbarian; it requires a terrible effort to remain a civilized man."
--Leonard Woolf

Quote for Today

You can't stay in your corner of the Forest waiting for others to come to you. You have to go to them sometimes.
A.A. Milne
August 21, 1920: A.A. Milne and his wife thought that their baby was going to be a girl. When he emerged a boy, the parents chose a new name for him—Christopher Robin. It would be popularized in Milne's many Winnie-the-Pooh stories of a boy and his bear.

Quotation of the Day…

… is from page 271 of F.A. Hayek’s 1950 article “Full Employment, Planning and Inflation,” which is reprinted as chapter 19 in Hayek’s 1967 collection, Studies in Philosophy, Politics, and Economics:

Full employment has come to mean that maximum of employment that can be brought about in the short run by monetary pressure.  This may not be the original meaning of the theoretical concept, but it was inevitable that it should have come to mean this in practice.  Once it was admitted that the momentary state of employment should form the main guide to monetary policy, it was inevitable that any degree of unemployment which might be removed by monetary pressure should be regarded as sufficient justification for applying such pressure.  That in most situations employment can be temporarily increased by monetary expansion has long been known.  If this possibility has not always been used, this was because it was thought that by such measures not only other dangers were created, but that long-term stability of employment might itself be endangered by them.  What is new about present beliefs is the tit is now widely held that so long as monetary expansion creates additional employment, it is innocuous or at least will cause more benefit than harm.

Source:  Don Boudreaux @ Cafe Hayek

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November 2018



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