Einstein was attending a music salon in Germany before the second world war, with the violinist S. Suzuki. Two Japanese women played a German piece of music and a woman in the audience exclaimed: "How wonderful! It sounds so German!" Einstein responded: "Madam, people are all the same."
You are right in demanding that an artist should take an intelligent attitude to his work, but you confuse two things: solving a problem and stating a problem correctly.
. . . For friendship implies individuality; whereas comradeship really implies the temporary subordination, if not the temporary swamping of individuality. Friends are the better for being two; but comrades are the better for being two million.
Ultimately the bond of all companionship, whether in marriage or in friendship, is conversation, and conversation must have a common basis, and between two people of widely different culture the only common basis possible is the lowest level.
That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing. So there are two things needed in the system, the one that's needed overwhelmingly is liquidity. I mean, when people are trying to [unintelligible], there has to be somebody there to buy.