Henry David Thoreau

It is only when you watch the dense mass of thousands of ants, crowded together around the Hill, blackening the ground, that you begin to see the whole beast, and now you observe it thinking, planning, calculating. It is an intelligence, a kind of live computer, with crawling bits for its wits.

It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.

When I was a kid, Halloween was strictly a starchy-vegetable-only holiday, with pumpkins and Indian corn on the front stoop; there was nothing electric, nothing inflatable, nothing with latex membranes or strobes.