“Schools are not intended to moralize a wicked world, but to impart knowledge and develop intelligence, with only two social aims in mind: prepare to take on one's share in the world's work, and perhaps in addition, lend a hand in improving society, after schooling is done.”
“As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.”