One who intends to leave others better off for his having existed.

5/15/11

Could many who believe the government should pledge to tax ever larger portions of their children’s future income to prevent the failure of insolvent businesses, be indirectly advocating a political system other than capitalistic democracy?

Capitalism without financial failure is not capitalism at all


but a kind of socialism for the rich


 


James Grant



 

 



Does intervention delay real recovery?


 

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