Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are checks drawn on insufficient funds.
Most cornmeal producers don't tell you when their cornmeal was milled, which makes it difficult to know how long the product has been sitting in the store before you bought it.
Few expected very much of Franklin Roosevelt on Inauguration Day in 1933. Like Barack Obama seventy-six years later, he was succeeding a failed Republican president, and Americans had voted for change. What that change might be Roosevelt never clearly said, probably because he himself didn't know.

