61. Of course, it would be as dangerous to overreact to history by concluding that the majority must now be wrong about expansion as it would be to re-enact the response that greeted the suggestion that the continents had drifted.
62. While the fact of this consumer revolution is hardly in doubt, three key questions remain: who were the consumers? What were their motives? And what were the effect of the new demand for luxuries?
63. Although it has been possible to infer from the goods and services actually produced what manufacturers and servicing trades thought their customers wanted, only a study of relevant personal documents written by actual consumers will provide a precise picture of who wanted what.
64. With respect to their reasons for immigrating, Grassy does not deny their frequently noted fact that some of the immigrants of the 1630’s, most notably the organizers and clergy, advanced religious explanations for departure, but he finds that such explanations usually assumed primacy only in retrospect.
65. If we take the age-and sex-specific unemployment rates that existed in 1956 (when the overall unemployment rate was 4.1 percent) and weight them by the age- and sex-specific shares of the labor force that prevail currently, the overall unemployment rate becomes 5 percent.
66. He was puzzled that I did not want what was obviously a “ step up” toward what all Americans are taught to want when they grow up: money and power.
67. Unless productivity growth is unexpectedly large, however, the expansion of real output must eventually begin to slow down to the economy’s larger run growth potential if generalized demand pressures on prices are to be avoided.
68. However, when investment flows primarily in one direction, as it generally does from industrial to developing countries, the seemingly reciprocal source-based restrictions produce revenue sacrifices primarily by the state receiving most of the foreign investment and producing most of the income-namely ,the developing country partner.
69. The pursuit of private interests with as little interference as possible from government was seen as the road to human happiness and progress rather than the public obligation and involvement in the collective community that emphasized by the Greeks.
70. The defense lawyer relied on long-standing principles governing the conduct of prosecuting attorneys: as quasi-judicial officers of the court they are under a duty not to prejudice a party’s case through overzealous prosecution or to detract from the impartiality of courtroom atmosphere.
71. No prudent person dared to act on the assumption that, when the continent was settled, one government could include the whole; and when the vast expense broke up, as seemed inevitable, into a collection of separate nations, only discord, antagonism, and wars could be expected.
72. If they were right in thinking that the next necessity in human progress was to lift the average person upon an intellectual and social level with the most favored, they stood at least three generations nearer than Europe to that goal.
73. Somehow he knows that if our huckstering civilization did not at every moment violate the eternal fitness of things, the poet’s song would have been given to the world, and the poet would have been cared for by the whole human brotherhood, as any man should be who does the duty that every man owes it.
