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Money doesn't talk, it swears.
Bob Dylan
9 Likes
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9 Comments
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It is really gratifying, for example, to visit India now and see that because they've had good educational institutions, and they've had a focus on it, there are more and more people in India participating in the world economy.
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Not wishing to be disturbed over moral issues of the political economy, Americans cling to the notion that the government is a sort of automatic machine, regulated by the balancing of competing interests.
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Governments don't control things. A government can't control the economy without controlling people.
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Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidise it.
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The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.
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We are endeavoring, too, to reduce the government to the practice of a rigorous economy, to avoid burdening the people, and arming the magistrate with patronage of money, which might be used to corrupt and undermine the principles of our government.
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