On the record
America is now working in heavy fetters, and it would probably be better for her to lighten those fetters even though a generation or two should have to pay rather higher taxes.
Said by
Walter Bagehot
Source
gutenberg.orgWalter Bagehot: “America is now working in heavy fetters, and it would probably be better for her to lighten those fetters even though a…”
Editor's note · Context
Bagehot reflects on America's economic constraints and the potential benefits of reducing them, even at a cost.
Share
More from Walter Bagehot
No doubt this momentary gain is bought at a ruinous after-cost.
They are solely concerned with his attractiveness as a candidate; they need not regard his efficiency as a ruler.
One of the greatest pains to human nature is the pain of a new idea.
The power of free interchange of ideas being wanting, the ideas themselves were barren.
Other voices in this conversation
