On the record
Hence putting the Government directly into business, subsidies, and price fixing, and the alluring promises of political action as a substitute for private initiative, should be avoided.
Source
gutenberg.orgCalvin Coolidge: “Hence putting the Government directly into business, subsidies, and price fixing, and the alluring promises of political…”
Editor's note · Context
Coolidge warns against government intervention in business through subsidies and price controls.
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