On the record
There is more than the menace in mounting public debt, there is the dissipation of capital which should be made available to the needs of productive industry.
Said by
Warren G. Harding
Source
gutenberg.orgThere is more than the menace in mounting public debt, there is the dissipation of capital which should be made available to the needs of productive industry.
Harding highlights the dangers of public debt and its impact on productive industry.
Share
More from Warren G. Harding
I believe Congress ought well consider the desirability of the only promising alternative, namely, a provision authorizing proclaimed American valuation, under prescribed conditions, on any given list of articles imported.
If our tariffs are to be made equitable, and not necessarily burden our imports and hinder our trade abroad, frequent adjustment will be necessary for years to come.
We can not sell to others who do not produce, nor can we buy unless we produce at home.
We ought to amend to meet the demands of the people when sanctioned by deliberate public opinion.