“Now if I have set this idea before you with any distinctness and success, you see that civil liberty consists of a set of civil institutions and laws which are arranged to act as impersonally as possible. It does not consist in majority rule or in universal suffrage or in elective systems at all. These are devices which are good or better just in the degree in which they secure liberty.”
Read More“Neither the inflation of the 1970s nor the transformation of America’s industrial heartland into its Rust Belt was inevitable, she argues. Both were direct, foreseeable consequences of short-sighted choices: demanding that monetary policy accommodate irresponsible fiscal policy, and labor and management agreeing to enrich one another by fleecing customers and shareholders ever more brazenly.”
Read MoreFor FDR the ‘Forgotten Man’ was the victim of an unfair society left behind in the capitalist economy. Only a robust central government had the power to right this wrong. For William Sumner the ‘Forgotten Man’ was one who would be required to ultimately pay for it.
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