A hard, cold wisdom is required for goodness to accomplish good. Radio has no future. Everything that can be invented has been invented. My imagination refuses to see any sort of submarine doing anything but suffocating its crew and floundering at sea. The horse is here to stay the automobile is only a fad.
Airplanes are interesting toys but of no military value.
Nobody now fears that a Japanese fleet could deal an unexpected blow on our Pacific possessions. Radio makes surprise impossible. The election of Hoover should result in continued prosperity for 1929. Stocks have reached what looks like a permanently high plateau. Scientists are like atomic nuclei.