Johann Wolfgang von Goethe Quotes
All professional men are handicapped by not being allowed to ignore things which are useless.
Johann Wolfgang von Goethe, 1749-1832, German poet & dramatist, Maxims & Reflections
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This quotation shows FDR doing something that politicians rarely do. The country was in the midst of the Great Depression and he was running for the Presidency against Herbert Hoover who as President would do little to help the destitute part of the population or improve the economy. Roosevelt did not lay out specific programs which he claimed would fix the problem. He himself really didn’t know for certain what would and what would not. However he promised bold experimentation—trying new things. When he was elected, he was able to fail with one program and just shift to another until enough were successful. But the great contrast was to Hoover who would do little.
Two of the 20th centuries greatest political leaders were Mao Tse-Tung and Franklin Delano Roosevelt. In most respects, these two were polar opposites. However, they had one characteristic in common. They were both willing to try things they were not certain of. If they succeeded, make it a part of the national program. If it failed, try something else. See Mao {642795}.
The Treasure Officials had a reason for bailing out the bondholders. They were afraid that if bank bondholders and owners took big losses at that time, it would “spook” the financial markets and cause even worse panics than then existed. The political pressure would be to bail out the financial institutions which would have lost much more money after the “spooking”. So it was, they argued, less cost to the taxpayer to bail out the bondholders at the beginning and save the bailout costs later. Some argued that there was no reason to bail out the richest people in America if they lose a lot of money so it is not an issue of bail out now or later. History shoed that the financial leaders did have the clout to force the government to bail them out however. There are some who wanted to have a showdown with the wealth banks and other financial institutions and let them go bankrupt and then the economy would right itself. No one really knows for sure which is why Economics is called the “dismal science”—See {596873}.
Technically, the probability has never changed. However, most probabilities are in relation to a specific event or time. A levee may have only a 1% probably of failing in a hurricane but if there are 10 hurricanes a year, the probability that the levee will fail at least once in 30 years is about 50%.
There are some scholars who believe that On the Sublime was written by an unknown author with the name Longinus.
The only soldier ever so honored
Two of the 20th centuries greatest political leaders were Mao Tse-Tung and Franklin Delano Roosevelt. In most respects, these two were polar opposites. However, they had one characteristic in common. They were both willing to try things they were not certain of. If they succeeded, make it a part of the national program. If it failed, try something else. See FDR 52,743.
Johann Wolfgang von Goethe was a German poet, playwright, novelist, scientist, statesman, theatre director, critic, and amateur artist. His works include: four novels; epic and lyric poetry; prose and verse dramas; memoirs; an autobiography; literary and aesthetic criticism; and treatises on botany, anatomy, and colour. He is considered to be the greatest German literary figure of the modern era.
