. . . we engage in politics because we don't know anything. This is clearly revealed in the way we go about it. Our parties exist from a fear of theory. The voter fears that one idea can always be contradicted by another. Therefore the parties reciprocally defend themselves against the few old ideas they have inherited. They don't live from what they promise, but from frustrating the promises of others. This is their silent community of interests.
Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because it's a company with certain attributes. They're buying because the price is rising. People are playing games not related to any concept at all of what the long-term value of the enterprise is. And they know it.
The words 'theory' and 'practice' are of Greek origin; they carry our thoughts back to the ancient philosophers by whom they were contrived, and by whom they were also contrasted and placed in opposition, as denoting two mutually conflicting and mutually inconsistent ideas. . . . [this fallacy] based on a double system of natural laws retarded for centuries the development of physical science, notably mechanics.