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The history of the last century shows as we shall see later that the advice given to governments by bankers like the advice they gave to industrialists was consistently good for bankers but was often disastrous for governments businessmen and the people generally.

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Pessimists are the people who have no hope for themselves or for others. Pessimists are also people who think the human race is beneath their notice that they're better than other human beings.

Traditionalists are pessimists about the future and optimists about the past.