Constituted as our system of finance and taxation is, the interests of the contracting parties cannot well be separated, whatever they may reciprocally intend.
Edmund Burke: “Constituted as our system of finance and taxation is, the interests of the contracting parties cannot well be separated…”
Editor's note · Context
Burke notes that in the current financial system, the interests of borrowers and lenders are interconnected despite their intentions.
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Not being illuminated with the light of which the gentlemen of France tell us they have got so abundant a share, they acted under a strong impression of the ignorance and fallibility of mankind.
If any of them should happen to propose a scheme of liberty soberly limited, and defined with proper qualifications, he will be immediately outbid by his competitors, who will produce something more splendidly popular.
But when the leaders choose to make themselves bidders at an auction of popularity, their talents, in the construction of the state, will be of no service.
The improvements of the National Assembly are superficial, their errors fundamental.





