Risk Doctrine1 book · 2 highlights
Two and Two Still Make Four
Books Teaching This Pattern
Evidence
Bernard Baruch
James Grant · 2 highlights
““I have always thought that if, in the lamentable era of ‘New Economics,’ culminating in 1929, even in the very presence of dizzily spiraling prices, we had all continuously repeated ‘two and two still make four,’ much of the evil might have been averted,” he wrote. “Similarly, even in the general moment of gloom in which this foreword is written, when many begin to wonder if declines will never halt, the appropriate abracadabra may be: ‘They always did.’”
“Whether a given increase in the money supply is inflationary depends on the rigor of business, just as whether a given number of calories is fattening depends on the metabolism of the diner.”
Related Patterns
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