A Quote by Alan Greenspan
There is nothing to guarantee the superior judgment, knowledge, and integrity of an inspector or a bureaucrat-and the deadly consequences of entrusting him with arbitrary power are obvious.
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No matter how vast your knowledge or how modest, it is your own mind that has to acquire it. It is only with your own knowledge that you can deal. It is only your own knowledge that you can claim to possess or ask others to consider. Your mind is your only judge of truth - and if others dissent from your verdict, reality is the court of final appeal. Nothing but a man's mind can perform that complex, delicate, crucial process of identification which is thinking. Nothing can direct the process but his own judgment. Nothing can direct his judgment but his moral integrity.
The necessity for power is obvious, because life cannot be lived without order; but the allocation of power is arbitrary because all men are alike, or very nearly. Yet power must not seem to be arbitrarily allocated, because it will not then be recognized as power. Therefore prestige, which is illusion, is of the very essence of power.
A BUSINESSMAN cannot force you to buy his product; if he makes a mistake, He suffers the consequences; if he fails, he takes the loss.
A bureaucrat, forces you to obey his decisions, whether you agree with him or not... If he makes a mistake, you suffer the consequences; If he fails, He passes the loss on to you, in the form of heavier taxes.
A superior pilot uses his superior judgment to avoid situations which require the use of his superior skill.
We should not be content to say that power has a need for such-and-such a discovery, such-and-such a form of knowledge, but we should add that the exercise of power itself creates and causes to emerge new objects of knowledge and accumulates new bodies of information. ... The exercise of power perpetually creates knowledge and, conversely, knowledge constantly induces effects of power. ... It is not possible for power to be exercised without knowledge, it is impossible for knowledge not to engender power.
Not that I lack confidence in the outcome," Ferrin said, "but would you consider entrusting the piece of my neck to somebody who is not about to confront one of the most deadly beings in the world?
A brave man thinks no one his superior who does him an injury, for he has it then in his power to make himself superior to the other by forgiving it.
They love him, gentlemen, and they respect him, not only for himself, but for his character, for his integrity and judgment and iron will; but they love him most for the enemies he has made.
Remember. You are a physician. You are not a policeman nor are you a minister of religion. You must take people as they come. Remember, too that though you will generally know more about the condition than the patient, it is the patient who has the condition and this if nothing else bestows on him or her a kind of wisdom. You have the knowledge but that does not entitle you to be superior. Knowledge makes you the servant not the master.
I know that I and my office acted with the highest integrity as an independent inspector general should act.
The chief value of the rule lies in preventing an immediate and obvious but inferior good from replacing a longer-range, less obvious but superior one.
All knowledge resolves itself into probability. ... In every judgment, which we can form concerning probability, as well as concerning knowledge, we ought always to correct the first judgment deriv'd from the nature of the object, by another judgment, deriv'd from the nature of the understanding.
Anybody can be specific and obvious. That's always been the easy way. It's not that it's so difficult to be unspecific and less obvious; it's just that there's nothing, absolutely nothing, to be specific and obvious about.
What is easy and obvious is never valued; and even what is in itself difficult, if we come to knowledge of it without difficulty, and without and stretch of thought or judgment, is but little regarded.
Anything to declare? the customs inspector said."Two pound of uncut heroin and a manual of pornographic art," Mark answered, looking about for Kity. All Americans are comedians, the inspector thought, as he passed Parker through. A government tourist hostess approached him."Are you Mr. Mark Parker?""Guilty.
The attainment of knowledge is the high and exclusive attribute of man, among the numberless myriads of animated beings, inhabitants of the terrestrial globe. On him alone is bestowed, by the bounty of the Creator of the universe, the power and the capacity of acquiring knowledge. Knowledge is the attribute of his nature which at once enables him to improve his condition upon earth, and to prepare him for the enjoyment of a happier existence hereafter.
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