,P>T #b1 ,*APT] #ah 
,TODAY'S ,EXCELL5T ,FOOL+ 

#ahigahig 

,PEOPLE 3 

,AU?OR 3 ,B5JAM9 ,R4 ,TUCK] 

,TEXT 3 

,TO-DAY'S ,EXCELL5T ,FOOL+4 

.<,LIB]TY1 ,AUGU/ #a#f1 #a#h#i4.> 

,TO-DAY'S REJO9D] TO MY CRITICISM ( ITS >TICLE ON 9T]E/ IS *IEFLY REM>KABLE AS AN EXHIBITION ( DU/-?R[+4 ,9 ! >T ( KICK+ UP A DU/ ! $ITOR IS AN EXP]T4 ,:5EV] HE IS ASK$ AN EMB>RASS+ QUE/ION1 HE BEG9S TO %[ HIS SKILL 9 ?IS DIRECTION4 ,HE REM9DS ONE ( ! CL[N AT ! CIRCUS :5 /UMP$ BY ! R+-MA/] TO TURN A D\BLE SOM]SAULT OV] ! ELEPHANT'S BACK4 ,HE PRANCES & DANCES1 JABB]S & GYRATES1 QUOTES ,LAT9 =W>DS & ,GREEK BACKW>DS1 DECLAIMS 9 ! /YLE ( ,DR4 ,JOHNSON TO ! FI%WIFE1 S+S ALGEBRAIC =MULAE TO ! MUSIC ( ! B&1 MAKES FACES1 MAKES PUNS1 & MAKES AN EXCELL5T FOOL ( HIMSELF2 & :5 AT ! 5D ( ALL ?IS 5ORM\S ACTIVITY HE SLYLY SLIPS BETWE5 ! ELEPHANT'S LEGS 9/EAD ( LEAP+ OV] HIS BACK1 ! HIL>I\S CR[D1 IF IT DOES NOT =GET HIS FAILURE TO P]=M ! PRESCRIB$ FEAT1 AT LEA/ GOOD-HUMOR$LY =GIVES IT4 ,BUT ,I AM NOT SO GOOD-NATUR$4 ,I ADMIRE ?AT1 AS A CL[N1 ,I F9D ! $ITOR 9T]E/+1 BUT HIS P]=MANCE1 APPROPRIATE 5\< 9 A ,B>NUM CIRCUS R+1 IS \T ( PLACE 9 ! ECONOMIC >5A4 ,SO ,I PROPOSE TO IGNORE HIS ?REE PAGES ( ANTICS & NOTE ONLY HIS T5-L9E SLIP BETWE5 ! ELEPHANT'S LEGS1 OR1 LAY+ METAPHOR ASIDE1 HIS EVASION ( MY QUE/ION47#g 8 #a7  

,I HAD *ALL5G$ HIM TO PO9T \T ANY L5D+ ( CAPITAL 9 A TYPICAL BANK+ TRANSACTION :I* ,I HAD DESCRIB$4 ,HE RESPONDS BY ASK+ ME TO DEF9E CAPITAL4 ,?IS IS ! SLIP1 ! EVASION1 ! PO/PONEM5T ( ! DIFFICULTY4 ,HE KN[S ?AT1 IF HE CAN DRAW ME (F 9TO A DISCUSSION ( ! NATURE ( CAPITAL1 !RE WILL BE AN ADMIRABLE OPPORTUNITY = MORE CL[NI%NESS1 S9CE !RE IS NO PO9T 9 POLITICAL ECONOMY ?AT L5DS ITSELF MORE COMPLETELY TO ! SOPHI/'S >T ?AN ?IS4 ,BUT ,I AM NOT TO BE TURN$ ASIDE4 ,I /ICK TO MY QUE/ION4 ,9 REG>D TO ! NOTION ( CAPITAL ! $ITOR ( ,TO-DAY WILL F9D ME1 SO F> AS ! IMM$IATE QUE/ION AT ISSUE IS CONNECT$ ) IT1 ! MO/ PLIABLE MAN 9 ! WORLD4 ,I WILL TAKE ! DEF9ITION1 IF HE LIKES1 ?AT WAS GIV5 9 ! PREVI\S >TICLE 9 ,TO-DAY4 ,!RE IT WAS SAID ?AT MONEY WAS ONE ?+ & CAPITAL ANO!R2 ?AT CAPITAL CONSI/S ( ! AG5CIES ( PRODUCTION1 :ILE MONEY IS ONLY A MEANS = ! TRANSF] ( !SE2 ?AT :AT M5 REALLY WANT IS NOT MONEY1 BUT CAPITAL2 ?AT IT IS = ! USE ( CAPITAL ?AT 9T]E/ IS PAID2 & ?AT ?IS 9T]E/1 ?IS PRICE = ! USE ( CAPITAL1 L[]S1 G5]ALLY SPEAK+1 AS CAPITAL BECOMES PL5TI]1 & PROBABLY CANNOT DISAPPE> UNLESS ABUNDANCE ( CAPITAL %ALL REA* ! EXTREME ( COMMON PROP]TY4 ,N[ ,I HAVE %[N 7AT LEA/ ,I %ALL SO CLAIM UNTIL MY QUE/ION IS ANSW]$7 ?AT 9 ! MO/ ORD9>Y =M ( TRANSACTION 9VOLV+ 9T]E/--NAMELY1 ! DISC\NT+ ( NOTES--!RE IS ABSOLUTELY NO L5D+ ( CAPITAL 9 ! S5SE 9 :I* CAPITAL WAS US$ 9 ,TO-DAY'S FIR/ >TICLE1 & ! CONSEQU5CE1 ( C\RSE1 IS ?AT DEF5SE ( 9T]E/ :I* REG>DS IT AS PAYM5T = ! USE ( CAPITAL /RAI<TWAY FALLS TO ! GR\ND4 ,BUT IF ! $ITOR ( ,TO-DAY DOES NOT LIKE ! VIEW ( CAPITAL ?AT WAS GIV5 9 ! >TICLE CRITICIZ$1 HE MAY TAKE SOME O!R2 ,I AM P]FECTLY WILL+4 ,HE MAY MAKE A DEF9ITION ( HIS [N4 ,:ATEV] IT MAY BE1 ,I1 = ! TIME BE+ & = ! PURPOSES ( ?IS >GUM5T1 %ALL SAY ,AM5 TO IT4 ,& AFT] ?AT ,I %ALL AGA9 PRESS ! QUE/ION :E!R1 9 ! TRANSACTION :I* ,I DESCRIB$1 !RE WAS ANY L5D+ ( ANY?+ :ATEV]4 ,& IF HE %ALL !N ANSW]1 AS A P>AGRAPH 9 HIS LATE/ >TICLE 9DICATES1 ,YES1 ! BANK L5T ITS NOTES TO ! F>M]1 ,I %ALL %[ CONCLUSIVELY ?AT ! BANK DID NO?+ ( ! K9D4 ,IF ,I SUCCESSFULLY MA9TA9 ?IS CONT5TION1 !N IT WILL BE DEMON/RAT$ ?AT ! 9T]E/ PAID 9 ! TRANSACTION SPECIFI$ WAS NOT PAID = ! USE ( ANY?+ :ATEV]1 BUT WAS A TAX LEVI$ BY MONOPOLY & NO?+ ELSE47#g 8 #b7  

,MEANTIME IT IS COM=T+ TO REFLECT ?AT MY LABOR HAS NOT BE5 5TIRELY 9 VA94 ,AS A CONSEQU5CE ( MY CRITICISM ( ,TO-DAY'S >TICLE ON 9T]E/1 ! $ITOR HAS DIS[N$ IT 7?\< IT APPE>$ UNSIGN$ & 9 $ITORIAL TYPE71 *>ACT]IZ$ IT AS TRIVIAL 7HEAV5 KN[S IT HAD ! AIR ( GRAVITY671 & SQU>ELY CONTRADICT$ ITS *IEF DOCTR9AL ASS]TION4 ,?IS ASS]TION WAS ?AT ! AM\NT ( CURR5CY CAN HAVE NO EFFECT UPON ! ABUNDANCE ( CAPITAL4 ,IT IS CONTRADICT$ 9 !SE T]MS3 ,EVID5TLY MONEY IS A NECESS>Y ELEM5T 9 ! EXI/+ 9DU/RIAL PLEXUS1 & 9CREASE ( CAPITAL IS DEP5D5T UPON ! SUPPLY ( A SUFFICI5T AM\NT ( MONEY4 ,AFT] ?IS ,I HAVE HOPES47#g 8 #c7 

,FROM 3 FAIR-USE4ORG4 

,*RONOLOGY 3 
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