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“The university is well structured, well tooled, to turn out people with all the sharp edges worn off, the well-rounded person. The university is well equipped to produce that sort of person, and this means that the best among the people who enter must for four years wander aimlessly much of the time questioning why they are on campus at all, doubting whether there is any point in what they are doing, and looking toward a very bleak existence afterward in a game in which all of the rules have been made up, which one cannot really amend.”

“The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University of Maryland and Kenneth Rogoff of Harvard, no one can doubt this again. . . . The authors have put an immense amount of work into collecting the data financial institutions needed if they were to have any chance of making quantitative risk management work.”

“On the Cross the Jesus of the Four Gospels, who was God, cried out My God, my God, why hast thou forsaken me? God cannot forsake himself, Jesus was God himself. Yet God forsook Jesus, and the latter cried out to know why he was forsaken. Any able divine will explain that of course he knew, and that he was not forsaken. The explanation renders it difficult to believe the dying cry, and the passage becomes one of the mysteries of the holy Christian religion, which, unless a man rightly believe, without doubt he shall perish everlastingly.”