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Another example of the imponderables that can make deficit projections highly questionable a change of only one percentage point in unemployment can alter a deficit up or down by some $25 billion. As it now stands, our forecast, which we're required by law to make, will show major deficits starting at less than a hundred billion dollars and declining, but still too high.
But he has the vice of all German scientists; he doesn't understand imponderables. Never a flash of intuition about him. He managed to intimidate Darby into agreeing with him. Neither of them takes my recuperative powers into account." He seemed to feel that this wasn't a very strong line to take and the next moment he conceded as much. "But suppose they were right," he flashed round at her.
Well, I don't believe we should buy that argument. There are too many imponderables for anyone to predict deficits or surpluses several years ahead with any degree of accuracy. The budget in place, when I took office, had been projected as balanced. It turned out to have one of the biggest deficits in history.
Thomas Young "Phenomenon Young" they called him at Cambridge, because he was reputed to know everything took up the cudgels for the vibratory theory of light, and it began to be clear that the two "imponderables," heat and light, must stand or fall together; but no one as yet made a claim against the fluidity of electricity.
It was characteristic of Henry Nelson, on the other hand, that he put no faith whatever in "imponderables," hence Gray's reference to morale, on that day of their first meeting, had amused him. Morale, indeed! As if a man of his tough fiber could be affected by the mere chanting of a Hymn of Hate!
It is one of those "imponderables" which, as Bismarck said long ago, must never be left out of account in estimating national forces. It will hold the Allies and the United States together. It will help them to win the war for peace under conditions for Germany which may not be "punitive," but which certainly must be "reformatory".
Do you know what the German Reich sprang from? From dreams, songs, fantasies, and gold-black bands worn by students. And that in a brief period of time. What? You do not understand imponderables? And what is religion? Bethink yourself what the Jews have endured for two thousand years for the sake of this fantasy....
Well, I don't believe we should buy that argument. There are too many imponderables for anyone to predict deficits or surpluses several years ahead with any degree of accuracy. The budget in place, when I took office, had been projected as balanced. It turned out to have one of the biggest deficits in history.
The idea here was the transformation of forces, and forces were not so clearly defined that one could have a mechanical idea of just what had happened. That part of the philosophy was no clearer than that of the imponderables, which had largely dropped out of mind. The terminology represented an advance in knowledge, but was lacking in lucidity, for no one knew what a force of any kind was.
The Fourteen Points were addressed to all the governments, allied, enemy, neutral, and to all the peoples. They were an attempt to knit together the chief imponderables of a world war.
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